[chloealpert]

I agree.

If you're asking someone to sign up for something, the opportunity cost is huge. $60 for a good development team is terrible.

The point I was making is that it's an unscrupulous way to found a company, and it was advice that came from a few very successful entrepreneurs.

If you're a lightly funded startup, $60k is good, but that needs to be matched with a realistic equity offer as well.