I know we’ve gone back and forth on this previously, but for high quality VC-backed companies, you’re unlikely to get acceleration (any) upon a change of control unless you are a senior exec (and even then it’s “double trigger” so you only get it if you get let go in connection with the change of control. PE backed companies may be different, but unlikely with VCs. It deters acquisitions so investors don’t generally go for it.
Also 3-5 year timeframe is nice, but realistically the multi-billion unicorns have a lot longer time frame.
You can also expect equity for all rank and file for most high caliber VC backed companies (don’t need to be a director).
Also very few people understand the ins and outs of their equity packages (not even the young founder tech CEOs).
Other stuff I roughly agree with.