Let's take an example estimate like: number_of_options = (salary * 0.10) / last option valuation price What's good about it, what's bad about it? Realistical

Let's take an example estimate like: number_of_options = (salary * 0.10) / last option valuation price What's good about it, what's bad about it? Realistically, as an employee, your total comp has a bunch of factors that include bonuses, insurance, benefits, travel rewards and flight/hotel choices, expense discretion, charity support, the list goes on to contain a lot of things. These frame the question in terms of what portion of that total package value to you do you want a in the form of lottery tickets? (and not their price or claim of value on it) Maybe you say, "nice salary, I'd like an additional notional 20% in options over 4 years," etc. Maybe you are doing fine and you see a near term exit and you say, "This company has a 2-3 year horizon, I don't need the salary as much and I'll trade 25% of your offer for options provided you provide me and my lawyer with the full cap table. If not cap table, I need to price that in to the risk on the salary and I'm going to need 20% more." If you don't have negotiating leverage or skill, you just say, "thank you!" and throw them in your change jar with old lottery tickets.