Thanks a lot for your concerned post and suggestions. Their point was it would be more convenient for me if I take an increased salary after the six months instead of equity. They were also very willing to listen to alternative suggestions I might have.
Also I do the think the people are pretty honest. They called up to clarify that it isnt the case that equity is not an option, its just that cash would be more convenient for me.
I do believe that they are good and honest people and if I have implied otherwise in my post, Its a mistake on my part.
Thanks for this measured response. I am not really looking for work, I am looking to work at an interesting problem with smart people and the experience of a startup.
I have always wanted to work at a startup. I am not after a VISA, though it will be good. I quit my previous job at a big company two months ago because I was tired of doing mundane tasks and was shit scared that I had stagnated.
Thanks for the reply. I dont really feel like I am being screwed. Based on my interaction with the co-founders, they seem like really decent guys and they have been pretty honest about everything. I think its more to do with the fact that I expected some equity or at least a discussion sometime down the line.
They have agreed to do that as I mentioned. After the first six months they will pay me my market rate+ (marketrate- prev salary) + risk money for the next six months, of course subject to the availability of capital.