净现值：未来收入在今天值多少钱
净现值：未来收入在今天值多少钱
通过对其未来价值应用折现，了解未来收入在今天值多少钱
Nivi： 我们来谈谈净现值（NPV）。
Naval： 净现值就是当你说：“我未来将获得的那笔付款流——它在今天值多少钱？”
这里有一个常见的例子：你加入一家初创公司并获得股票期权，创始人说：“这家公司将会价值10亿美元，我给你公司0.1%的股份；因此，你将获得价值100万美元的股票。“
通过应用折现率计算未来收入在今天值多少钱
创始人基于公司未来价值进行谈判。你必须通过应用折现率或利率来计算它在今天的价值，这个折现率考虑了初创公司面临的巨大风险。
你最终会得到公司今天实际价值的金额。这就是风险投资家投资该公司时的价格。
如果创始人最近以1000万美元的估值进行了一轮融资，那么公司只值创始人所说未来价值的1%。所以你100万美元的薪酬包实际上只值1万美元。你应该非常习惯在头脑中进行粗略的净现值计算。
Net Present Value: What Future Income Is Worth Today
See what future income is worth today by applying a discount to its future value
Nivi: Let’s talk about net present value (NPV).
Naval: Net present value is when you say, “That stream of payments I’m going to get in the future—what’s it worth today?”
Here’s a common example: You’re joining a startup and getting stock options, and the founder says, “This company is going to be worth 1 million worth of stock.”
Figure out what future income is worth today by applying a discount rate
The founder is negotiating based on what it’s going to be worth in the future. You have to figure out what it’s worth today by applying a discount rate, or an interest rate, that accounts for the massive risk startups face.
You’ll end up with the amount the company is actually worth today. That’s the price at which a venture capitalist would invest in the company.
If the founder recently raised a round at a 1 million package is actually worth $10,000. You should get very comfortable doing rough net present value calculations in your head.