I got an offer from my friend in a startup company with $30K/year (take into account it's not in a "hot" spot like Silicon Valley or NY, but yeah, it's not high in any standards, and the job's in a mid-city in TX) with a stock options: I got 1.5% after the first year, another 1.5% after the second year, 1% after the third and 1% fourth year. And when I quit, I lose a significant portion of the shares I gained.
They want me to be the lead developer (right now I'd be the only developer). If I take the job, I'd be in a CTO-like position when new programmers are hired. The salary and stock will increase later on based on performance (but it's not specified in any paper, so I guess I need to make them specify that, or no? I guess it's kind of hard for a startup).
The startup does seem to have potential. I guess I just lack the knowledge to negotiate a better deal (as you might have guessed, I'm a tech guy, not a biz guy). I have been spending several hours browsing all the top questions on onstartups, so I think I know a little bit more. But I'm still walking on tightrope right now: So what should I be aware of? Which ones are reasonable and which ones I need to stand up to?