(Sample size of one)
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.
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.
:)