Those options represent a .026% ownership stake of the company. However, it's not quite a simple as that, because some of the investors almost certainly have m

Those options represent a .026% ownership stake of the company. However, it's not quite a simple as that, because some of the investors almost certainly have more preferential shares of the company, so what those options really represent is 0.026% of anything after those investors take their cut. mathattack's answer starts getting at it in a little bit more detail. You should value them at $0 for purposes of evaluating the job offer. The only way you could tell what they can/could be worth is having a peek at the future at the time the company is about to exit.