I agree, but unfortunately that's not how it works. All founders believe that they can succeed. Every VC believes that their investment is going to become the n

I agree, but unfortunately that's not how it works. All founders believe that they can succeed. Every VC believes that their investment is going to become the next billion dollar company, etc. Ideally, options are the icing on cake, but the reality is that most companies use options as a way to reduce their immediate expenses - for start-ups, cash is like oxygen. Most start-ups die not because of their competition, but they run out of money.