I feel like an hour of consulting work at that rate is slightly different. I personally wouldn't expect to bill for 2000 hours of work in a single year as a contractor.
As a technical co-founder, I would expect the full 200k/yr as salary, plus equity and a cash bonus if goals are met.
As a technical co-founder, I would expect the full 200k/yr as salary, plus equity and a cash bonus if goals are met.