[ryanackley]

It's a really really bad deal. Please listen when I say someone is trying to take advantage of you. You're taking on a lot of risk with no upside. If I'm reading it right, the best you can do is break even with the salary you could be getting. On the other hand, the company is assuming absolutely no risk, if they become successful because of your risk and hard work, they just have to pay you what they should have been paying you from the beginning.

If you're seriously considering this offer there must be something else in play. Is it a visa you're after? Have you always wanted to work at a startup? Is it a field you're very interested in? Have you been out of work for a very long time?

Whatever it is, at the very least, you should push back and try to negotiate to get what you really want.

[throwaway69]

I have always wanted to work at a startup. I am not after a VISA, though it will be good. I quit my previous job at a big company two months ago because I was tired of doing mundane tasks and was shit scared that I had stagnated.