Here are 5 tips on how to negotiate for more equity at your startup [Video]

Bhavik Vashi, 32, is living the dream of many Silicon Valley tech workers. He joined a promising startup, did his time and eventually the company was acquired, minting him as a millionaire.

Shortly after graduating from the University of California, Berkeley in 2013, he joined software startup Anaplan. Over the course of about 10 years at the company, Vashi worked his way up from an entry-level consultant role to vice president.

“When I joined, we were less than 100 people… and then I just [saw] it grow and expand to over 2,000 people at one point,” Vashi told CNBC Make It. “Basically, every time I was promoted at Anaplan, I had an equity grant of some capacity.”

It all paid off in June 2022, when Anaplan was acquiredby private equity company Thoma Bravo at a roughly $10.4 …