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What ranges of equity/salary compensation are offered these days? If one should be skeptical about an employee who wants mostly cash, how should founders react to someone preferring all equity?

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I'd be fine with it. I think later on when you've got dozens (or hundreds) of employees and a limited options pool, it might become unfeasible. But right now, I'd have no problem with paying an employee only equity. Even tiny companies like us have valuations that are, well, non-zero, so it's not like some employee can conspire to get founder equity status by simply not taking cash.

Why, know someone who will take only equity? Send him/her our way if so..;)

Don't know anyone at the moment, but I've always thought this could be an interesting alternative for a potential founder who has some savings (especially someone roadblocked by a partner search). I haven't heard of many people doing it though, and was curious what the reactions would be.

Are there legal problems with this? Don't you need to pay at least minimum wage? Or is that implied?

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