The Real Value of Stock Options

Good analysis.

Benjy Boxer’s Blog

Several of my friends have been considering job opportunities at startups in New York.  Typically, their job offers have included below-market salaries and option grants.  When I chat with them about their offers, they’ve been attributing way too much value to the stock options offered.  I’ve generally explained to each of them why stock options are nice, but are worth much less than may think.