[flyinRyan]

>He's hiring a programmer, and paying you to stay on as technical co-founder.

Nonsense. He's doing an angel investment and taking 50%. That still might be attractive since he does more than just an angel investment but don't pretend he's doing anyone a favor, this is for his own benefit as well as the potential partner.

[freehunter]

I wouldn't say hiring a programmer is doing them a favor any more than an angel investor is. The benefit from this comes in him letting you pick your own project, that's the difference between rent-a-coder and this deal. It's a rent-a-coder contract with the option of leading into steady employment.

[flyinRyan]

Again, you're seeing this dangerously wrong. This isn't an employment opportunity, this is a startup where one of the founders is using an interesting way to find a co-founder and the idea itself. You bring the idea, he brings the cash.

He's not giving you a job, he's playing the role of seed investor and co-founder.

[freehunter]

Okay. I guess we can agree to disagree, although I think at this point we're arguing semantics.

[flyinRyan]

No, we're not arguing semantics. You're saying he should just be getting a salary and the OP is an incredibly generous person for also offering him half of his own idea. I'm saying that's nonsense. It could be a good deal if you have no other options but 50% is huge.