Right free = 50% (or equal share if there is more than one partner) if not you can work on your own idea for free and keep 100%. To me this deal stinks, it also

Right free = 50% (or equal share if there is more than one partner) if not you can work on your own idea for free and keep 100%. To me this deal stinks, it also smells really bad by the fact that salary will be negotiated once they are funded when you have far less leverage to bargain with. Right now you have everything that they need yet they want to stack the deck totally in their favor. My personally experience with individuals like this is they will only get worse if they do get funding. I would run for that deal fast, it is so low and so one sided that you will never get a fair deal and if you do they will look to deprive you of it at any opportunity. They think that you (your role) are worthless. The offer is evident of this, they have the if we could just get some laborers to build this we will be rich mentality. They view you as a cog that is worth $20 an hour, their mentality will not change once they are funded.