I'm a freelance developer.

The amount of money that they offered will not last me more than a week.

The company is in the space of business intelligence and their customers would mostly be corporate/startup owners.

I'm not crazy over the idea, but it does sound viable but then again there's so many competitors in this field.

The only saving grace is that I find that the CEO guy with his previous experience managing a medium-sized company may be able to use his connections to get customers.

And the startup environment where I am in (Singapore) may be advantageous to him where angels and government grant givers take previous working experience before giving out cash.