I was offered a position of software engineer at a company of 3 people, but it's technically just one (more on that later). I was offered just about market value for an entry software engineer in my area and about 1% of ISO over a 4 year vesting period.
Here's the catch: The majority of the salary is deferred until they secure the entire seed round of investing they were looking for (currently they have 1/3rd). Two of the co-founders are no longer there (full-time job and school) but are said to continue "helping out when possible". I'd basically be one of two people working on the product full-time.
Is it fair to ask for a little more equity? I had something in the range of 3-5% in mind before they gave me an offer. Is there a better form of equity to ask for other than ISO? If I leave the company in 2 years, do I keep the stock I own but forfeit the 2 additional years that haven't vested?