Most startups don't offer dividends, even when they do it doesn't amount to much, and if they indeed never sell/IPO/raise a new round, then you have basically n

Most startups don't offer dividends, even when they do it doesn't amount to much, and if they indeed never sell/IPO/raise a new round, then you have basically no way to sell your stock, so it's indeed pretty much worthless. Only other way to sell would be with approval of the board, but even assuming you get it, who would buy that?