The first time I was strongly considering a startup I had to essentially treat the options as worthless. Both because of the usual fact that most startups fail,

The first time I was strongly considering a startup I had to essentially treat the options as worthless. Both because of the usual fact that most startups fail, but because of stuff like in the article: I couldn't convince myself in any way that there wouldn't be people ahead of me in the line if the company was sold, despite the fact that the founders themselves seemed totally honest.