[brogrammernot]

As others have pointed out, you’re going to get diluted tremendously if they raise another round.

When a startup is trying to survive they’ll give up a tremendous amount of equity because the alternative is 80% of nothing or 40% of something.

Does that $13k hurt you to pay out? If it’s not that painful, you can weigh that.

For what’s its worth, I didn’t exercise my options when leaving the last two companies and I felt so sick to my stomach when the last one sold for a couple hundred million but then I looked & saw they sold for less than their last valuation so my shares would’ve been even more watered down in value.