This is the biggest point. There are so many ways to devalue the options specifically issued to employees, and you sometimes see more overt behavior like with

This is the biggest point. There are so many ways to devalue the options specifically issued to employees, and you sometimes see more overt behavior like with Zynga back in 2011 https://www.wsj.com/articles/SB10001424052970204621904577018373223480802 https://www.wsj.com/articles/SB10001424052970204621904577018... It is a fool's errand, given everything that has happened in the space, to treat options as having any serious value. Unless there's a secondary market you can immediately sell your options on, treat them like lottery tickets