Laugh him out of the room. The guy is pulling in $15k/month from the job. Some equity might certainly be in order, but definitely setup a standard vesting sched

Laugh him out of the room. The guy is pulling in $15k/month from the job. Some equity might certainly be in order, but definitely setup a standard vesting schedule with a one year cliff. 1%-5% equity for an early hire makes perfect sense at your discretion.