I just got an offer from a friend for a startup in an industry we don't know much about. He likes the idea and has a good track record (in other industries). I am still unsure about the validity of the product.
He's funding it 100% and offered me $35,000 + 10% stock grant. Job would be high level design and overseeing development as well as some financial/market research. Obviously the $40k salary is low, Probably a 40% cut in what I could earn elsewhere, but I know itd be a great learning experience.
What are you thoughts? What questions do I need to ask about the stock grant? How will 10% look when/if we're diluted by other investors later on?