In my experience, employee #1 gets "a pretty nice salary" and little to no equity or they get a 20-30% equity split that pays nothing until launch. There is no

In my experience, employee #1 gets "a pretty nice salary" and little to no equity or they get a 20-30% equity split that pays nothing until launch. There is no way to secure a major role after funding. I have a couple friends who "wrote it into the contract" and in one situation the VC just brought in "an assistant director" that was paid three times what he was. Sounds like you are getting a good deal, but I would be upfront about your desire for a future role.