Ask HN: App developers - work on projects offering equity without pay?
I'm always asked to develop apps for equity - no pay. Has anyone taken this route before? Did you find it was worthwhile? What was your experience?
Always get cash, and take equity if it's offered (so long as there aren't any strings attached).
Cash will pay your bills today
Lotto tickets may never pay you a dime, and can be a drain on you emotionally if you're constantly expecting one to pay off.
Money is money. Equity is not.
Edit: I assume you're in business or moonlighting for profit.
What I would suggest is convertible equity. Take the stock, but get in writing that if the stock isn't worth X by date Y, you have the right (but not the duty) to convert it to debt, payable upon presentation, with a 1.5% per month interest rate if not paid immediately.
You're still unlikely to see a dime, but at least you can sell the debt to a collection company if things get bad.