1. What is the strike price? (the price you need to pay to purchase your shares) 2. What is the latest valuation of the company? (the price the company is wort

1. What is the strike price? (the price you need to pay to purchase your shares) 2. What is the latest valuation of the company? (the price the company is worth now and how many times you expect this number to be multiplied at IPO time is roughly equivalent to how many times your shares will increase in value) 3. If they tell you anything about preferred shares worth, ignore that. Your shares are common stock and not nearly worth as much as preferred. Yours are also first to be forfeited in event of a liquidation. That's ok but just know the difference. 4. Is their exit strategy is to sell or IPO? (you almost always will prefer IPO) 5. When is an optimistic IPO date when you can sell your shares? (there is alsot a lock out period, usually 6 months to 1 year)