> when your options vest, is that you are essentially allowed to make an equity investment isn't the idea that you buy shares at book value, which is way less

> when your options vest, is that you are essentially allowed to make an equity investment isn't the idea that you buy shares at book value, which is way less than "last round valuation"? so you're getting a discount. I mean, hopefully that's how it works, I never put enough money when exercising my option to care...