Playbook
Compensation Benchmarking Playbook
People
6 min read
Free sources that work
- Levels.fyi
- Pave open data
- Carta State of Startup Compensation
- Bolster CEO Study
Method
Pick your peer set (10–20 companies, same stage, same geo). Pull 25/50/75 percentile. Set base at the 50th, equity 50–75th.
Grant math
Target dollar value of equity, divided by 409A per-share value, adjusted for a 4-year cliff-vest. Always show the rep the math on the offer call.
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