Two experienced guy with good business experience and good valley connections are looking for technical guy who can help them to start their startup.
So I am the only technical guy who will help them with starting wire framing, architecture framework, prototype work, build technical team etc. I am senior java/j2ee Architect, Java Developer and Ruby Developer with startup experience. I am not good UI developer but otherwise I am experienced to do all other necessary startup development work.
Initially it will be part-time work and once prototype is ready then it might become full-time job.
In return I will get stock options worth 2% of total authorized share ( And no title at all ). Is that good deal?
From their side - "Their equity will also significantly go down with funding rounds. At the end of the game - they will also have equity in single digit and my equity won't get diluted with funding cycles".
Two people with idea and connection needs prototype work done and for that just 2% seems very low to me. Whats fair deal? Please advise.