Sounds like good validation that there actually is a market.

The deal might be ok depending on your previous career, but what nobody said so far is another problem with the salary. It’s quite high compared to the amount raised. They will either not hire many people or won’t have 24 months of runway. Both options mean that it’s less likely that they reach series A. Current market conditions are terrible for selling any products. Companies are very conservative with their budgets and spending. I’d talk to the founders and figure out what their plan is to reach series A and how they will spend the 3M. Otherwise the 2% are worth zero without even starting. If the salary is fine, you could still do it, but I’d rather spend my time on a startup that has a chance.

We didn’t have any connections. We’re not there yet, but we’ve raised a 3M seed and are on a good path. Over time we’ve built a network and everything you need. It took a lot of time and effort but it was doable. So what I’m trying to say is that you can start with almost nothing and hustle your way up.