Questions to ask when valuing that equity slug: Will you be around see it vest? Will you be diluted before you cash out? Will the exit leave anything for commo

Questions to ask when valuing that equity slug: Will you be around see it vest? Will you be diluted before you cash out? Will the exit leave anything for common shareholders? Will there be an exit at all? Is there a double trigger? Can they make you move to another city? Will you have a tax bill due when you exercise your options? How long (after you quit) will you have to exercise. How much cash will it cost you to exercise? In other words, getting 1% of a company that just raised a round at a $2M valuation does not mean you have equity worth $20,000. It's actually worth quite a bit less.