My guess is he's young or this is one of his first early stage startups. The amount of people I know that were employee #1-3 and exercised all there options ca

My guess is he's young or this is one of his first early stage startups. The amount of people I know that were employee #1-3 and exercised all there options cause they were cheap and then found out about capital gains they owed I can count on 3 hands if I had them.