I was presented with the following offer and while I'm waiting legal advice, I'm interested to know your opinions.
I'm been offered a "co-founder" seat with a bit over 10% in stock options vested over 4 years. This is bit unsual arrangement due to the fact that I'll be doing this as my side project for the first half year. Idea is to get revenue/funding so that I'll can start work fulltime with salary after that. Currently the company is doing it's first steps with no real customers(excluding FFF) or working product.
I would like to know how to evaluate this offer? Is there any terms that I should include?