You are about to embark on the full journey of a startup -- from a napkin idea all the way to an IPO. Along the way you will learn how equity works, how funding rounds dilute ownership, how employee stock options are priced, and what it all means in real dollars. What is your startup called? Pick something fun -- this is your company for the next 9 stages. What's the founder's name? This is you -- the lead founder. We'll track your equity throughout the journey. What you will learn: ● How founding shares work ● SAFEs and convertible notes ● Option pools and 409A valuations ● Series A / B / C dilution ● Vesting cliffs and exercise windows ● IPO payouts and waterfall analysis ● The real math behind "I own 10%" Note: Most US startups incorporate as a Delaware C-Corporation. This game draws on concepts from An Introduction to Stock & Options by David Weekly. We recommend reading the full PDF after playing for a deeper dive into the mechanics.…