It's hard to say without knowing more. Here are a few questions that come to mind: - What stage is the company? Earlier employees will be diluted more, which i

It's hard to say without knowing more. Here are a few questions that come to mind: - What stage is the company? Earlier employees will be diluted more, which is one reason for getting a bigger slice of equity. 0.2% is low if they haven't raised any money. - If the company has raised, how? A lot of people don't appreciate that if a seed-stage company uses a YC SAFE and hasn't done a priced round yet, as an early employee you're going to eat that dilution, even though the raise already happened. The money may already be in the bank, but the shares won't be issued until later. - How senior is your friend? 0.2% would certainly be low if they're Staff+, for example. - What's the cash component of the offer? As you approach and push past $200k you should expect equity to drop precipitously, even for a more senior person. - Are there other valuable elements to the offer worth considering? E.g. 10-year exercise window and/or early exercise on the options. - How specialized is the business, and does your friend offer any expertise in the area, or are they fungible? The market is pretty hot right now, so I'd guess that 0.2% is low, but if it comes with a solid salary and good benefits, for a mid-level generalist developer it could be more or less right.