"Fair"? There's nothing fair about valuing a company at millions of dollars when it's just a few guys and an idea. It's about getting the right amount of investment while not selling too much of the company (but selling enough to make it with the investors time).
Because you've offered zero information to dial it in, $500k to $4m post-money as a wag. Depends on team, if you're in the valley, and your ability to create a market for your stock.
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"Fair"? There's nothing fair about valuing a company at millions of dollars when it's just a few guys and an idea. It's about getting the right amount of investment while not selling too much of the company (but selling enough to make it with the investors time).
Check: http://www.avc.com/a_vc/2010/10/employee-equity-dilution.htm...
Because you've offered zero information to dial it in, $500k to $4m post-money as a wag. Depends on team, if you're in the valley, and your ability to create a market for your stock.
You're scaling this to typical SF angel investment sizes, right? I got the impression that this was, like, one guy.