See I knew there would be someone else on here who knew better :) Anyway, my only elaboration on point 4 and 5 is that most options agreements have vesting ~~t

See I knew there would be someone else on here who knew better :) Anyway, my only elaboration on point 4 and 5 is that most options agreements have vesting ~~terms~~ schedules (and they typically include 1-year cliffs). So even under ideal conditions you will have to wait a certain amount of time before exercising. But thanks for taking the time to add additional details!