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In a single paragraph, this article claims that options in start-ups aren't worth anything, and then claims that without start-ups being able to hand out options they can't attract the people they need. Are options highly valuable or worthless? It can't have it both ways.

Options are worthless because companies can't go public in most cases and therefore options can't be sold. To attract top employees, startups need the ability to give options which can be sold and therefore aren't worthless.

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