Levels posted a solid guide on their blog I thought was accurate: https://www.levels.fyi/blog/evaluate-startup-offers.html I'd say the biggest thing to evaluate is how much you value stock or options as part of your compensation package. Obviously, private equity is more difficult to sell and can cause tax headaches or issues if you reach the time to purchase or exercise your stock. What I'd make sure to ask the recruiter or startup is what their last valuation was and how much of a percentage ownership would come with your stock. For startups, it's less about the net money/worth of the options and more about your ownership percentage. The Levels blog explains it a bit better than I can, but happy to help answer questions!