[streblo]

Agreed. You're doing volunteer work until you have your stake down on paper.

[tptacek]

He's using the word "employee". They're paying him.

[slashcom]

Start working if you're satisfied with the salary alone, but assume you have 0% equity until you've something on paper. If you really want equity, then it needs to be negotiated now.

"It's all bullshit until it fits on a paycheck."

[paulgb]

Correct.