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.
I took all cash for a project as the first tech hire. In hindsight, the cash I received was worth far less than a tenth of one percent had I taken equity. Not all projects suck. Telling the difference, very difficult.
I think it’s a good idea, I don’t think 10% is too bad but I want something fair. And I just can’t wrap my head around him getting 90%. When it’s just us 2, as far as making the product goes all he has to do is answer my questions.