As a potential employee (that you're asking as) I'd say you turn and walk (and not look back). The total salary your getting is 8.08 per hour. Which is less th

As a potential employee (that you're asking as) I'd say you turn and walk (and not look back). The total salary your getting is 8.08 per hour. Which is less then a janitor makes in the city. Even if they throw in 2-4% equity (which as the company is currently worthless, I.E.: No profit, No product, no anything) is worth little unless you really believe in the company. Lastly these two lines are very telling. >hire employee #1 (software engineer) at ~£1.4k/month >The employee is an intermediate-senior level developer and would be tasked with building a significant part of the product. There currently exists a rough prototype and design docs. Basically your getting paid a janitors wage to write their entire business from scratch, this is a horrible idea.