Equity may get diluted on number of shares but the firm gets cash for selling the shares, so each share is worth more than before. Things to consider are vesti

Equity may get diluted on number of shares but the firm gets cash for selling the shares, so each share is worth more than before. Things to consider are vesting period, option expiration, strike price, price per share. Personally I would choose equity. Options may be out of the money and never be exercisable. Valuing options for a private company is difficult. You probably don't get to look at financial statements, so you have no idea what the underlying stock is really worth. Without this it's impossible to correctly value the options. if the company is sold at a low pps, at least with equity you would get something.