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How does equity works for founding engineer?

I got a offer where i will get the equity. Does people really make money when company get sold considering in my case if i get 1% equity. Also how does it work? Suppose when we start valuation of the company is 1 cr so my part will be 1L. Now in the next round suppose the valuation is 10cr then does it increase my equity to 10L or it dilute my % of equity? Suppose if the company is sold at 100cr, do i really get 1 cr? Kindly let me know how it works and really people make money or not if it get sold.

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AITookMyJob

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a year ago

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stupidusername

Stealth

a year ago

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AITookMyJob

Startup

a year ago

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