Possibly golden handcuffs (the options are worth much in theory, but cannot be exercised or cashed in until IPO for instance). Another reason why it's often bad

Possibly golden handcuffs (the options are worth much in theory, but cannot be exercised or cashed in until IPO for instance). Another reason why it's often bad to be a normal employee in a startup when it comes to equity. The terms of the options are often against you.