What questions about equity and stock options should I ask when being offered a job?

Question

When I go for an interview at a startup company, what should I get information on, regarding an equity package? I know that many startup employees get stock or stock options in their company, but then it often happens that the profit on that is lower than the employee expected. How does that generally happen? What are the pitfalls for employees?

Answers: 0 public & 1 private

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