An anonymous reader writes: So, you work for a dinky little startup for less than you are worth, in order to get some pre-IPO stock in the Next Great Thing and rake in dough once it goes public.
Not so fast, cowboy. You already know that your stock is restricted and thus isn't worth anything right now. But did you know that they can take it away from you for no reason other than regretting that they gave you so much?
Zynga's doing it now. The employees are being told to give back that stock, or be fired (in which case you lose all of it anyway.
Bottom line: pre-IPO restricted stock is worthless. Never figure it into your calculations when deciding whether or not to take the job. Don't accept pre-IPO stock as an alternative for what you're worth.