Rough-and-tough, figure on this rule: a company has to be sold, or IPO, for a valuation >= 10x the amount of capital invested for everyone to make any real money. If this happens, everyone wins, and the “lay” employees (who often own a very small % of the company) should be in the money. So do the best you can with this analysis: Do I believe the company I am working at can be worth >=10x the amount Crunchbase says they’ve raised?

https://medium.com/saastr-all-about-paid-web-services/why-dirty-term-sheets-don-t-really-matter-and-the-10x-rule-dd3086202ddb#.bfq2iz4n1