As someone who has invested in over 100 startups, I can absolutely guarantee that every single penny you would spend buying those options would be lost. You ar

As someone who has invested in over 100 startups, I can absolutely guarantee that every single penny you would spend buying those options would be lost. You are buying common. The investors have preferred. You won't get a cent from a sale of the company. Additionally, the founders will not be able to raise money in this situation even though VCs coffers are overflowing right now.