brk - yup, there very well indeed may be more factors to consider.
I'm with several other posters on this one:
- 2% + a modest first-developer salary is totally reasonable (some would even consider 2% high here)
- 2% + $0 is a fool's bargain indeed
Any remotely successful entrepreneur could scrape up at the very least $5-10k to get a prototype working. These potential co-founders sound more like guys with an idea who just want someone to develop it for them (do much of the hard work), while paying / cutting in equity wise very little.
These guys don't sound like they can be bargained with, but the developer could ask for $200k in cash compensation if/when the startup gets funded. (doubtful they'd go for this)
I'm with several other posters on this one:
- 2% + a modest first-developer salary is totally reasonable (some would even consider 2% high here)
- 2% + $0 is a fool's bargain indeed
Any remotely successful entrepreneur could scrape up at the very least $5-10k to get a prototype working. These potential co-founders sound more like guys with an idea who just want someone to develop it for them (do much of the hard work), while paying / cutting in equity wise very little.
These guys don't sound like they can be bargained with, but the developer could ask for $200k in cash compensation if/when the startup gets funded. (doubtful they'd go for this)