show of hands: how many here truly made out well on stock options at a startup? was the amount you made close to a car purchase or home purchase value or was it just 'pay off a bunch of bills' level of money?
(Raises hand) like I said, I made enough to pay off my mortgage. Around £100,000 at the turn of the millennium. Carefully structured to minimise tax liability.
good for you! nice to hear -someone- actually makes out well with stock options. so, that's 2 people that I've heard of that did well. still, not a very large number. how many do you know, across various jobs you've had, that also did well this way?
in the silicon valley area, at least, its mostly a lie that you'll do well on stock. even if the company does well, they often will let people go JUST as their options are about to vest. seen it happen, also had it happen to me, so I know this is quite a common way of thinking, with, uhm, less-than-ethical executives. ie, almost all of them, sad to say. if they can get away with cutting you off, THEY WILL. this is what sours me about stocks. they can't jerk you around on your paycheck, but they certainly have many tricks they can pull to deny you of any stock value.