We are in need of a designer for our start up, but we are pretty much cash poor. I have been talking to a designer for a few days, and he really wants to help as he loves our idea. He is very flexible and willing to work creatively to solve the compensation problem. I am looking for suggestions to creatively compensate him that will benefit us both, yet not put our chances of getting funded in peril. We have talked about possibly giving him some kind of small equity, and possible back pay when we are funded, in return for his part time work now. He also understands that funding may never come, and seems willing to take that risk. He is unsure if he will be able to come on board full time when funding comes through, as he has a few irons in the fire already. Basically, he wants to keep his options open.
Thank you for reading, and for your input!