+158%

est. 2Y upside i

DevOps & InfraSeries A

Design system platform joins developers and designers together

Rank

#100

Sector

Developer Tools

Est. Liquidity

~4Y

Data Quality

Data: Low

Supernova's common equity offers a ~158% expected 2-year upside in probability-weighted terms, but the severe preference stack ($22.2M raised vs $15M valuation) makes the downside asymmetric: a bear scenario yields a total loss.

Last updated: August 3, 2026

Bull (30%)+349%

AI design-to-code achieves category leadership and an IPO window opens, expanding the exit multiple to 8x forward revenue. At $8.8M projected revenue, exit value is $70.4M, netting ~349% upside to the employee after 20% dilution.

Base (45%)+174%

Revenue grows to $8.8M with a 5x exit multiple (converging to public comps), implying a $44M exit. Net of 20% dilution, the employee sees ~173% upside, though the preference stack still consumes a large share of proceeds.

Bear (25%)-100%

Growth stalls and the exit multiple compresses to 2x forward revenue, yielding $17.6M. This falls below the $22.2M total funding, leaving common stock with zero recovery and a -100% return.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

14800%

Total funding of $22.2M is 148% of the current $15M valuation; a 1x non-participating preference eliminates common value for exits below ~$22.2M.

Dilution Risk

high

Given the burn rate and only $5M ARR, another raise within 24 months is likely; we assumed 20% dilution to existing holders.

Secondary Liquidity

none

No secondary market or recent liquidity event reported; employees have no opportunity to sell shares until an acquisition or IPO.

View all 9 open roles at Supernova →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Supernova's data — designed to show you've done your homework.

  • 1

    “How does Supernova's AI design-to-code platform defend against Figma's deepening ecosystem?”

  • 2

    “What is the net revenue retention and average contract value for enterprise customers, and what is the path to $10M ARR?”

  • 3

    “What is the current 409A common stock valuation, and how does the option strike price compare to the preferred price? What are the liquidation preferences and dilution projections?”

Community

Valuation Sentiment

Our model estimates +158% 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.