Excuse me, but you also don't get it. All the questions you are posing are knowable. (They will tell you.) It's not deceptive at all, it's just inexperienced if

Excuse me, but you also don't get it. All the questions you are posing are knowable. (They will tell you.) It's not deceptive at all, it's just inexperienced if you don't find out all this information and use it in your decision making. OK, B is not knowable but it's estimable and you need to do that yourself. What's not knowable, generally, (ie, they won't tell you) is the waterfall, the pref stack, pro-rata rights, how much convertible debt there is (money already in, that you are essentially pre-diluted by but just don't know it yet) future unknowns like a carve-out and total other debt. IMHO, yes it's deceptive, but no, it doesn't matter. If the company has a successful exit, you will do well enough. I'm talking about Series A or pre-Series A hires. In the 90% of cases where the company has a fire sale or just bombs out, you won't get anything, no matter the answers to the above.