> $800 million dollar startups die all the time
is this the case? i actually don't know that it is.
is this the case? i actually don't know that it is.
Jawbone $2.7 billion valuation -> 0
Beepi $560 million -> 0
Better Place $2.5 billion -> 0
Quixey $600 million -> 0
YikYak $400 million -> $3 million
Fab.com $1.5 billion -> $15 million
Rdio $500 million -> $75 million
Here's 133 of them, most pretty big: https://www.cbinsights.com/research/biggest-startup-failures...
Also got some details from: http://www.businessinsider.com/startups-that-raised-148-bill...
I worked at a unicorn startup five years ago in the bay which no longer exists. Anyone who bought the options -- and the company was very cagey on providing cap table info -- was left with nothing.
Even if the company is sold at a high value chances are the payout will not be worth the risk. Unless your shares come with a board seat never buy the options in a private company because the shares are worth literally zero unless a secondary market exists.
:)