At least 50% of startup stock options are now worthless

Lotta clickbait in that tweet. Down rounds suck (1) for employees and companies.

Transparency and revaluations don't put money in your pocket. This is just the risk we take working at startups with our income in illiquid assets. I wouldn't say they're worthless, because some are actually less than worthless and others are more tax friendly depending on how you think your company is going to weather the storm.

(1) https://corpgov.law.harvard.edu/2016/02/27/down-round-financ...

This is one of the many risks you take working for a startup. If you can’t deal with the ebbs and flows go work at an established company.

Startups are inherently risky and volatile. It is what makes them exciting and infuriating to be a part of.

There for a while they were just used as enticement and motivation for employees IMO