4 ms·
> Do you think this is a good idea? Absolutely not. Coding for equity is essentially working for free since you have ZERO idea of when or if their business wil
by dabockster 9y ago
> Do you think this is a good idea?
Absolutely not. Coding for equity is essentially working for free since you have ZERO idea of when or if their business will be profitable enough for an IPO or a sale. And since literally anyone can claim to have a Facebook killer in their head these days, literally anyone can claim that they have a startup (IIRC, you don't need to file any sort of paperwork to be a sole proprietorship in the US).
Best case out of all this is that they pay you as an independent contractor. But even then, it's probably going to be a lot less than what you'd earn in a truly paid role. And you're withholding taxes on your own, so there's that issue. And the business owner(s) could still probably claim taxes as sole proprietors since you were never really employed (read up on contractor classifications). And etc, etc, etc...
Again, just don't do it.