Hello, someone wants to pay me equity to build a web application for them as well as mobile apps. They say 10 percent.
Does that seem reasonable?
It’s just he and I, so I’m unsure. I’ve been doing Web Development at a Fortune 500 company for about 3 years now. I’m comfortable across all levels of the stack. I have built my own applications. Only a few with its own UI but I’m comfortable there as I have the meta front end developer courses underneath my belt.
I’m sure I’m proficient based on my job opportunities. Keep in mind that these are applications and not static sites.
If you’re building everything on your own (sounds like you are), it doesn’t matter if they came up with the idea, if they already have designs and mockups, and if they already have potential customers lined up.
The minimum you should look for here is 30-40%, and even then you need to ensure they’re doing a few things, like actually putting in some of their funds into the launch (bootstrapping is fine but you still need some $ for domains, hosting and server costs, and some initial ads), and spending just as much time if not more time than you on getting sales, customers, and market research as you are coding.