While I am sure they intend to be fair, intentions aren't good enough. It's a red flag, tell them why, if they can't fix it asap, walk away. At the end of the

While I am sure they intend to be fair, intentions aren't good enough. It's a red flag, tell them why, if they can't fix it asap, walk away. At the end of the day there is no 'fairness' in equity, just equity. Some people will put in more units of work per equity unit then others. This doesn't really matter if each person knows where they stand and what they stand to gain and loose. This allows the members of the group to asses their risks and rewards. No one will be able to asses risk/reward so there could be a massive shock when the reward is put in front of them.