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Data last reviewed May 10, 2026 · 6 days ago

Know what your
startup equity is worth

Not a rough guess. A real range — built from four independent methods: public peer multiples, live secondary market data, primary round history, and sector momentum.

Built for employees at 10 private unicorns — OpenAI, Anthropic, SpaceX, Stripe, Databricks, xAI, Anduril, Perplexity, Mistral and Cursor.

Calculate my equity →Browse companies

Hiive and Forge show you one share price. Carta shows your stale 409A. PrivatePulse triangulates four methods, models vesting, dilution, AMT and three scenarios — so you see a defensible range for your specific grant, not just a market quote.

Why employees can't answer this question today

7+ yrs
from grant to liquidity
The median time from option grant to IPO has more than doubled since 2000. You live with illiquid paper for most of your tenure.
0
valuation updates between rounds
Most employees only learn what their grant is worth when the press writes about a new funding round — often 12 to 24 months apart.
1 number
and it's usually wrong
Your 409A is months stale and ignores secondary markets. Tender prices show one transaction. Neither tells you the realistic range.

10 companies covered

OpenAI
$500B
AI
SpaceX
$500B
Space
xAI
$200B
AI
Anthropic
$170B
AI
Stripe
$110B
Fintech
Databricks
$100B
Data/Cloud
Anduril Industries
$40B
Defense
Cursor (Anysphere)
$20B
AI
Perplexity AI
$18B
Consumer AI
Mistral AI
$12B
AI
View company details and funding history →

Four methods, one honest range

Every method has a blind spot. Together they form a range that's much harder to be wildly wrong about.

A
Peer-multiple
EV/Revenue multiples of public comparable companies, adjusted with a 20–35% private illiquidity discount. Anchored to public market sentiment.
B
Secondary-implied
Recency-weighted average of actual bid/ask/trade prices on Hiive and Forge — what investors are paying today in the secondary market.
C
Primary time-decay
Last primary round valuation, adjusted for headcount growth and sector multiple shifts since that date. The ground truth with drift applied.
D
Sector momentum
Sector ETF returns since the last primary round, used as a market proxy to catch cases where no secondary data exists.
Full methodology →

How accurate is this, really?

We'd rather tell you upfront what this tool can't do than pretend we know your exit price. Here's the honest list.

🎯
Typical accuracy: ±20%
When we backtest against subsequent funding rounds, our mid-point lands within 20% about 70% of the time. The remaining 30% is mostly companies that re-rated sharply between rounds.
📜
We don't know your cap table
Preferred stock, liquidation preferences, ratchets and participation rights can change your exit by 30–70%. We assume a clean common-stock waterfall. In a down-exit, your actual outcome may be much worse.
💱
Secondary ≠ what you'd net
Secondary prices reflect what an outside investor pays for a single share — not what you'd actually receive after tax, ROFR discounts, transfer restrictions and timing.
📆
Data is monthly, not live
We refresh prices and peer multiples monthly. Between updates, real conditions drift — particularly for fast-moving AI names. Treat any number here as a starting point, not a price.
🚫
Not financial or tax advice
We are not your CPA, financial adviser, or attorney. Before exercising options, accepting a tender, or making any tax election, talk to a licensed professional who knows your full situation.
🔍
All inputs are auditable
Every primary round, secondary price and peer multiple we use is linked to a public source on the company page. If a number looks off to you, follow the citation — you'll find it.

For investors and advisers

Tracking multiple positions or sourcing secondary deals? See the Investor plans for watchlists, historical price data, comparable transactions and API access.

One short email per month

We send a single update each month with: new funding rounds at the companies we cover, significant secondary price movements (>10%), and any methodology changes.

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