I'm not sure how you're expected to value equity - most of the stuff I find online recommends valuing it at basically zero - or what the market is like in San F

I'm not sure how you're expected to value equity - most of the stuff I find online recommends valuing it at basically zero - or what the market is like in San Fran, but where I live, you can do quite a bit better than $100k and still have work-life balance. So the only real compensation they're selling is the dubious honor of working for yet another startup that thinks it will change the world.