There is really no way of knowing how much those options are worth without knowing the size of the pool and valuation of the company, anyhow. I treat these as monopoly money unless I actually know what percent of the company I'm being given. Lots of things, namely reverse splits, before an exit can greatly affect the value of those shares!
Right! This falls under "Run the Numbers" in the Upstart Blog Post. It is not possible to compare an offer of equity without the info you described and some thoughtful attention to how YOU value that equity.
