Is this a risk? How big of a risk? Should I look at public companies instead?
They are offering RSUs but are private. From my understanding, I will have to pay taxes on this but won't get to sell them until if/when they IPO. Is this typical, is this really risky? Could it get diluted? They are a major player in business for 15+ years.
Looking for any advice.
Edit: The risk angle relates to the time horizon (yours and the company's) and the valuation (the company may be overvalued and offering you RSUs based on said overvalued price per share). Additionally, there is always the dilution risk in the event of a 'down round', where the company does not increase in value but has to issue additional shares to raise capital (if the company is growing in value, dilution affects will cut the value of said RSUs less than in the previous case).
If you want to see actual money from the RSUs by a certain time in the future, then the time horizon comes into play a bit more --- what if the company has no plans for a liquidity event within said time horizon?