Insights·How-to

How to use the PrivatePulse calculator to model your equity

A step-by-step guide to getting the most out of the calculator: picking the right equity type, understanding the four methods, and interpreting the scenario builder output.

2025-05-05 · 4 min read
Article from 2025-05-05 — valuations have moved since

This piece references valuations and round details as they stood at the time of writing. For the current 4-method estimate, see the company pages — refreshed monthly.

Key takeaways
  • Start with the right equity type — ISO, NSO, RSU, ISO/NSO mix, or PPU. The math diverges.
  • Read all four methods, not just the headline. If one method is wildly different, that's a signal.
  • Use the up/down/secondary scenarios to stress-test before making any exercise or sale decision.

The calculator on this site is built to give you a defensible range for your specific grant, not a single 'true' number. Here's how to get the most out of it.

Step 1: pick your equity type correctly

Each type has different tax treatment and different math. Read the inline help under the type selector. If your company grants an ISO/NSO mix, model both halves separately.

Step 2: enter your real shares and strike

Your offer letter or Carta dashboard has both. Don't round — strike prices like $54.32 matter at scale. If you have multiple grants, run the calculator separately for each.

Step 3: read all four methods

The headline is the weighted mid-point of four methods (peer-multiple, secondary, time-decay, sector momentum). If one method is significantly higher or lower than the others, that's diagnostic — look at the confidence score and explanation.

Step 4: stress-test with scenarios

The up/down/secondary scenario boxes show what you'd realise at different next-event outcomes. If the down-round scenario takes your equity to a tiny number, the position is fragile.

The honest framing: this calculator gives you a 'good 80% answer'. For the other 20% — your specific cap-table preferences, your state tax situation, your full picture — talk to a CPA who specialises in startup equity.

Want a number for your specific grant? The calculator runs the same engine referenced in this article.

Open the calculator →