> No mention of equity. This does not mean anything - mentioning this upfront would give you time to think whether the deal is fair. People who want you to si

> No mention of equity. This does not mean anything - mentioning this upfront would give you time to think whether the deal is fair. People who want you to sign a bad contract won't state this upfront. I'd rather expect something along the lines "Oh yeah and we also need your signature on this" after you have already invested your time and it seems rude to refuse those people who were so nice to you.