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Seems normal--whether it's a good deal or not depends on where that valuation comes from (in-house or pegged to a funding round), where you think the company will exit, if you think the company will exit, the salary they're offering, and the salary you could get elsewhere.

If they sell for a penny under $60 million, your options are underwater and worthless. If they double in value over the next 4 years (assuming standard vest), that's $450k to you if they sell for $120 million. If they never exit and you leave the company, you're basically screwed (unless you have $450k lying around and are certain it will be liquid again later).

You should make a projection of how you think the company's value will change and weigh that against the salary they're offering. Three-quarters of a percent sounds pretty generous for a startup that's already valued at $60mm, unless you're coming in at a pretty senior level, but without knowing where that valuation comes from it's hard to say for sure.



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