That is always the case, you get a very generous part of the equity, which at that time is worth nothing, with the hope that in a number of years you can cash out and move from a dingy basement to a tropical island.
If they don’t offer a this very generous equity, run away immediately.
I’d only be willing to put in long hours for little pay at a startup if they agreed to give me shares in the company when I left.
That is always the case, you get a very generous part of the equity, which at that time is worth nothing, with the hope that in a number of years you can cash out and move from a dingy basement to a tropical island.
If they don’t offer a this very generous equity, run away immediately.
And then they either water down the equity you have or get aquihired or some other bullshit.