An IT Manager/First IT Employee can expect to see 0.1% of a startup with $3mm in funding and a $10mm pre-money valuation.<p>And, just a note - unless the strike price has increased significantly, or a lot of employees have been hired, I disagree with the premise of the author of the article that "Re-Up" aren't to maintain the same percentage of equity.  In my experience, they are used to do precisely that.<p>The people who are diluted are those who've left the company.  Sometimes very, very significantly - particularly if there is a reverse-split in the mix as well.  Existing employees simply get grants to keep their stake the same.