A friend recently reached out to me about joining a startup that he is launching. He has been at it for a few months and so far it is just him. There is a term sheet with some investors and he will be likely closing soon. He would like to bring me on as founding engineer (equity post-dilution from this deal). The offer is an ok base salary (which he will also take) plus the seemingly standard equity of somewhere between 1-2% (he has well over 50%). Maybe I just do not understand these sorts of p...