This whole thing fails to account for the fact that on every subsequent round of funding, your percent ownership goes down. Even if the company is doing well, at the next round of funding, you'll pretty much be reset to the original value if you're lucky. If you're very lucky your options might be worth more.
VCs have gotten too good at extracting value from a company. In this day and age, I consider startup options to be worth $0.
If I'm looking at a startup, it's because I am either super excited about their idea, or super excited about having a lot more responsibility/learning opportunities than at an established company.
Those are the factors I'm valuing in my head vs. the actual dollar opportunity cost.
VCs have gotten too good at extracting value from a company. In this day and age, I consider startup options to be worth $0.
If I'm looking at a startup, it's because I am either super excited about their idea, or super excited about having a lot more responsibility/learning opportunities than at an established company.
Those are the factors I'm valuing in my head vs. the actual dollar opportunity cost.