[rorrr]

Horrible deal. There's a chance that you will work for 1/3 of your regular salary for 6 months, and there's NO UPSIDE.

Let's say they let you go after 6 months, or tell you "there's no money". If your normal rate is 100K, you will be working working for $33K. Which means that in 6 months you lose $33.5K. That's quite a lot of money.

I would not take that.

WARNING: if they offer you equity, let's say 50,000 shares, but don't tell you what % of the total number of shares that represents, DO NOT TAKE IT, IT'S A SCAM.

[grimen]

Of course that would be a scam, no capital letters or warning signs needed - it's very basic math; 50,000 shares of unknown value X has unknown value - a 5th grader knows that.

[joezydeco]

There's another factor: the shares have no value and no way to sell them.