I had a similar setup (though not a fancy title) for around $40k/yr if I worked full time for the whole year (I only did part time during spring/fall semesters)

I had a similar setup (though not a fancy title) for around $40k/yr if I worked full time for the whole year (I only did part time during spring/fall semesters). There was a gentleman's understanding that if the company got acquired for big bucks, I'd be taken care of, but we never formalized a stock option agreement. Eventually we shut down, but I was on my last couple semesters of college and had enough saved up that I wouldn't need to be concerned about funds until around 4 months after graduation. Got a BigCo job after graduating, making over 3 times the former amount while doing less interesting (and less intense) work. I could go back to a "low" salary job ("low" considering almost everyone I knew from high school is making $40k or less) especially if the work was nicer since my expenses have only gone up a bit, but now I'd rather build up a decades-sized nest egg first (and in less than a decade of time) even at the cost of my soul.