It's much worse in late stage startups where expiration means use em or lose em. It comes down to a gamble. With your numbers, a big one. But until that choi

It's much worse in late stage startups where expiration means use em or lose em. It comes down to a gamble. With your numbers, a big one. But until that choice is forced on you, I say wait. There's no reason for an early exercise. Even with slight tax advantages I'd rather call that the cost of minimizing my risk.