I joined a startup and have like 70k options in it the startup is profitable and has decent amount of customers but I need to leave it anyways for multiple reasons. The thing is its going to cost me 5k+ to buy all the options and the CEO wont even tell me the outstanding diluted shares or even exactly how much money we've raised. What should I do/ask to first determine if these shares are worth anything and what has been your experience buying options?
- Oscar 🐨koalaI am on the opposite side. I would just leave and forget about the options. Keep that 5k for other uses. If we haven’t heard of it, the chance of you making any money is quite low. Might as well invest in a fund.
- Don't invest what you can't lose. If you dropped $5K out of your pocket would you be in financial trouble? If not, go for it. If you would, then it sounds like you can't afford anything but a sure bet, and this won't be that.
I was able to walk away with my options for $137, and that was a no brainer. I knew they would probably be worthless (and they were, in the end), but for $137 it didn't matter.
- Flowroute / OtherxYVT46Is there any info on crunchbase that points to how much they've raised? The lack of transparency from the CEO would make me walk away.
- New helpwanted5k is cheap so I'd do it but not knowing the total dilluated shares is a red flag