[joshuamorton]

Dan Luu wrote about this a few years ago: https://danluu.com/startup-tradeoffs/ (from 2015, but has been updated a bit since then).

I think the big challenge is that accurately evaluating a startup offer is very, very difficult. And it can be really, really contextual. As an example, I know someone who worked at a company that went public fairly recently, and their result was vastly worse than the EV of a big company, but they also had a below average startup EV because they left the company and didn't purchase all of their options when they left.

With Google or Facebook, the question is really just stock growth and grant sizes.

With startups its growth and grant sizes, yes, and the expected type of liquidity event(s) and the time horizon on that event and your plans and company culture over that time horizon, also any additional funding rounds can markedly affect things and...