You probably can't ask for an increase of options in the existing grant (contract), only for a new grant. And since there's two developers you're effectively negotiating for the other person as well (even if you don't want to, the founder will claim employees should/will be treated equally).
Of course you personally can make money during an acquisition. If it's a cash acquisition there's now a buyer for your options, if it's a stock acquisition you'd now own stock in the new company (if you're lucky they're publicly traded so you have a market to sell your options to).
Is 0.2% the options you will have after the first year (with 3x0.2% more coming in the next years) or is 0.2% the total already?
How much salary would you say you're missing by working at that startup?
So the first developer was there for a little over a year before I was. And worked for free for a little bit of that. I'm assuming that developer has a solid amount of options. If anything the cofounders just gave that developer stock outright.
0.2% is the total. I have approximately a third of that 0.2% right now.
I would consider I am missing out on about double my current salary. Not to boast but I could definitely reach ~80k no problem.
Of course you personally can make money during an acquisition. If it's a cash acquisition there's now a buyer for your options, if it's a stock acquisition you'd now own stock in the new company (if you're lucky they're publicly traded so you have a market to sell your options to).
Is 0.2% the options you will have after the first year (with 3x0.2% more coming in the next years) or is 0.2% the total already?
How much salary would you say you're missing by working at that startup?