I'd add that a mix of (vesting) equity and cash may be a good outcome of the discussion if you can spend a significant amount of time on the project for a while (1+ years). If you don't want to spend that kind of time on this, then the equity doesn't seem like a great idea.
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Good plan.
I'd add that a mix of (vesting) equity and cash may be a good outcome of the discussion if you can spend a significant amount of time on the project for a while (1+ years). If you don't want to spend that kind of time on this, then the equity doesn't seem like a great idea.