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(Sample size of one) I worked at a unicorn startup five years ago in the bay which no longer exists. Anyone who bought the options -- and the company was very
by DogOnTheWeb 8y ago
(Sample size of one)
I worked at a unicorn startup five years ago in the bay which no longer exists. Anyone who bought the options -- and the company was very cagey on providing cap table info -- was left with nothing.
- wolco 8y agoThis... Even if the company is sold at a high value chances are the payout will not be worth the risk. Unless your shares come with a board seat never buy the options in a private company because the shares are worth literally zero unless a secondary market exists.
- ibz 8y ago> in the bay which no longer exists :)
- aaron_m04 8y agoThat happens sometimes -- lava filled a bay in Hawaii just last week :P
- icedchai 8y agoWorthless, or nearly worthless, options are very, very common. The last options I exercised and did get paid out... but in the end, I didn't even make back enough to make up for the pay cut I took. Financially, I would've been better off taking a different job. At least I "had fun' and "got something" though.