https://carta.com/blog/equity-101-stock-economics/
If your options were priced at the $250 million valuation, and no dilution occurs, the stock value would be 3$*IPO valuation/$250M.
Dilution events are pretty common, even for companies that are revenue positive.
I would recommend viewing the options as a potential windfall, but not part of any compensation evaluation or financial planning.
https://carta.com/blog/equity-101-stock-economics/
If your options were priced at the $250 million valuation, and no dilution occurs, the stock value would be 3$*IPO valuation/$250M.
Dilution events are pretty common, even for companies that are revenue positive.
I would recommend viewing the options as a potential windfall, but not part of any compensation evaluation or financial planning.