Clay (Earth)

-66%

est. 2Y upside i

Sales & MarketingProductivity

Introducing Clay, the beautiful and private home for all your relationships. Populated from the ground up using your calendar and social history, Clay is the most stunning, powerful way to remember who you’ve met—and what matters to them.

Rank

#3453

Sector

Sales Automation, MarketingTech, Data as a Service, Business/Productivity Software

Est. Liquidity

~2Y

Data Quality

Data: Medium

Given the current $5B valuation implying a 33x revenue multiple and strong competitive threats from incumbents, the expected equity upside over 2 years is heavily negative at -66%.

Last updated: July 19, 2026

Bull (20%)-16%

Exit multiple holds at 20x driven by an IPO window and category leadership; projected revenue $264M yields ~$5.3B exit, but 20% dilution reduces common upside to -15.5%.

Base (35%)-73%

Exit multiple converges to public comp range at 6.5x; projected revenue $264M yields ~$1.7B exit; after dilution common upside -72.6%.

Bear (45%)-83%

Multiple compresses to 4x due to competitive pressure from incumbents; exit ~$1.1B; after dilution -83.1%.

Est. time to liquidity~2.0 years

Preference Stack Risk

low

Funding Intensity

Total preferred investment of $210M is only 4.2% of the $5B valuation, so preference stack is minimal.

Dilution Risk

high

Company is not profitable and may need to raise capital; we assume 20% dilution over 2 years.

Secondary Liquidity

moderate

Clay has conducted secondary tender offers, providing some liquidity for employees, but frequency is limited.

Other — 24 roles

View all 24 open roles at Clay (Earth) →

Last updated: July 3, 2026

Questions to Ask at the Interview

Strategic questions based on Clay (Earth)'s data — designed to show you've done your homework.

1
“How does Clay plan to differentiate from Salesforce and HubSpot's AI offerings?”
2
“What is the path to profitability and how does the burn rate impact future financing?”
3
“How does the current secondary market valuation compare to what employees might realize in a liquidity event?”

Community

Valuation Sentiment

Our model estimates -66% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.