Interesting! But I think $70k salary for early employees is not realistic. They will probably take $10k-$20k less than market price for significant shares.
If even that. As I've pointed out elsehwere, when I've joined startups as a regular employee, I've demanded raises and gotten them.
If those tiny differences would make and break the company, it's underfunded and I won't have anything to do with it, or it's too early for them to start hiring and they should offer substantially more equity and involve me as a co-founder.
If those tiny differences would make and break the company, it's underfunded and I won't have anything to do with it, or it's too early for them to start hiring and they should offer substantially more equity and involve me as a co-founder.