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A solid rundown of different structures, as sort of an equity-comp 101. But the question most people have a very hard time assessing is, what is a fair award for an employee, based on role, seniority, and company maturity? The best analyses and summaries of what is "market rate" for that are many years old, in some cases a decade old. There's just not a lot of info on that out there, and I think you'd be doing a big service to compile some ranges and discussion of that.

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That is an interesting idea. If I can find the data, I'll pull it together for a future letter. Thanks!

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