In this episode, we talked about Employee Stock Options.  On one hand, they incentivize the employee to work harder since now their interests are tied with the company; on the other hand, they help the company to hire faster and better without hurting its cash flow.  Tim introduced the different types of stock options, their associated terms, and how their different structures result in different income and tax consequences.  Dan and Nathaniel talked about the value stock options bring both quantity and quality-wise.  Dan said it very well: understand that stock options are real money, real assets, and they are best utilized when you put a purpose behind it and give it a great value.  Treat them just like real dollars.  And as Nathaniel always says, be rational!