Grab this kind of opportunity with both hands - pete and his team are a smart bunch with an awesome idea. Salary considerations ahouldn't be in your head when you are assessing the opportunity. Isn't $50k nough to live off?
I would be happy on 50k if I had say 10-20% of the company. I would not be happy with 50k, however if it was 5% or less.
(Of course this all also largely depends on the idea, which I don't know about yet)
In retrospect, phrasing it in terms of salary and stock was the wrong way to frame that question.
Sumon, thanks for the kind comments :)
I'm employed as a developer right now and I'm almost ready to quit to start my own startup. I have a few projects that I've been working on in my spare time, so I'm not sure that I'd want to join another company unless I really like the idea and would be a co-founder.
Hope that makes sense. Once again, sorry if my previous posts sounded like criticism. I did not intend it that way!
EDIT: What I was really trying to ask is whether they are looking for a true co-founder or just a paid developer. My original question came out malformed, in retrospect.