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Assume that your buddy Pat recently receivedajob offer at a high growth firm, LWA Ventures, Inc. (LWA). LWA has given Pat two choices (i) an

Assume that your buddy Pat recently receivedajob offer at a high growth firm, LWA Ventures, Inc. ("LWA"). LWA has given Pat two choices (i) an annual salary of $72,000 or (ii) an annual salary of $60,000 and an ISO for 16,000 shares of LWA stock at $0.50 per share (the current FMV). Otherwise, the two packages/choices are pretty much the same (e.g., with respect to work expectations,health care, and other benefits). Patcomes to you for advice. Pat plans to accept the position but wants help deciding between choices (i) and (ii). What questions and/or advice do you have for Pat?

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