I'm interviewing for a Lead Developer role in a company that is asking me to take a cut in salary in exchange for a share of equity over 3 year period.
I'm not necessarily opposed to the idea, but I know precious little about the business side of startups, so I'm not sure how to spot if I'm being offered a good deal.
What are the appropriate questions to ask during interviews that can help me understand what the offer is, and the associated risks?
ie., is it appropriate for me to ask detailed questions about the long-term business plan?
Are there some warning signs I should look out for?