No problem! Fred Wilson at avc.com has some good posts on equity from the CEO/VC perspective that will help you start getting your head around it. Things to re

No problem! Fred Wilson at avc.com has some good posts on equity from the CEO/VC perspective that will help you start getting your head around it. Things to remember: stock price is meaningless, company valuation is highly important. Baked in future dilution is important. For employees, vesting schedules are screamingly critical, as are terms and conditions as to what happens when you leave. Very, very few employees make it through an entire startup lifecycle (either to mad growth, or stability, or death), so you should imagine when you read all the docs that you'll be leaving, possibly at a time when the founders are stressed or less friendly than they seem to be when you're signing the offer.