[eladgil]

Very good, thoughtful comments.

1. Agreed. There are only certain types of people who can do this. Most of the people who did this with us already had a full time job and were working with us weekends/nights only. So this was not an issue.

2. I think this is true with regular full time employees over the life of the company too. So don't think that applies just here. It is important as the company founder to educate people in general about what they are signing up for, future dilution etc. etc.

3. I think this is making it more complex then it has to be. There is not a large number of employees or other large debts associated with a <5 person internet startup.

4. They get paid whatever they are owed when the company raises money.