There's an article I read a few years ago talking about the possible outcomes from startup equity, using the analogy of a 99 sided die. It's something like: 1

There's an article I read a few years ago talking about the possible outcomes from startup equity, using the analogy of a 99 sided die. It's something like: 1-50: nothing 51-70: a little 70-90: what you would get from a FAANG 90-99: millionaire 100: you're a billionaire And then goes on to note that there is no 100 on a 99 sided die, seems like options are similar :) I have no belief in my ability to beat the market and treat them like a fun thing to spend some money on, not like an investment.