A little more research on Delaware's Department of Corporations website (which is where they are incorporated) allowed me to find out the total number of authorized shares: 52,503,000
30,000 / 52,503,000 =~ 0.06%
With the package they're currently offering (a little below market and not very good benefits), I'm probably going to pass.
So, with a $30 Million exit, you'll probably get enough out of the deal for a nice latte at Starbucks. Or, if you do the math: 30000000*.0006=18000. Or, after the dollar devalues a bit more and the price of coffee goes up, about enough for a nice latte at Starbucks.
For my time and money, I'd look for a different gig that paid more. That is unless you really want the startup experience and the company is really cool.
You must be really down on the dollar. But, yeah, I've figured that the options are basically worthless. However, I really like the product and I got them to up the salary significantly, so I said yes in the end.
30,000 / 52,503,000 =~ 0.06%
With the package they're currently offering (a little below market and not very good benefits), I'm probably going to pass.
Thanks again everyone.