There are about 20 posts a day like this in Craigslist job feeds.
Working for free is stupid and working for 'equity' is like working for a jar of farts.
Working for free is stupid and working for 'equity' is like working for a jar of farts.
I wouldn't relate equity to farts though, early equity at a company that has a successful exit can be very valuable. It is definitely high risk and most of the time (generally speaking) it won't amount to anything if a start up fails, however if it succeeds it can be worth a lot more than a salary would be. On the other hand, a jar of farts will always be a jar farts.
Anyways, I don't expect anyone (nor would I want anyone) to work for free.