And ask yourself this question: If these two people can't make more than $50k per year per capita in software consulting, in this market, in their product's alleged target market - and they can't figure out how to grow that number more than 15% per year, via simple recipes that are orders of magnitude less risky than developing and shipping a product - why on earth are you quitting a job to partner with them?
Look for partners who can find a market worth finding. In the meantime, don't give up your day job, no matter how much equity you're offered.
We are all 2 or 3 years out of college. So while I admit we could be charging our clients a lot more, I don't think that 100K per year in revenue out of consulting ventures is a bad start.
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Visit this page (nothing special, just the first search result for "software engineer salary"):
http://www.payscale.com/research/US/Job=Software_Engineer_/_...
And ask yourself this question: If these two people can't make more than $50k per year per capita in software consulting, in this market, in their product's alleged target market - and they can't figure out how to grow that number more than 15% per year, via simple recipes that are orders of magnitude less risky than developing and shipping a product - why on earth are you quitting a job to partner with them?
Look for partners who can find a market worth finding. In the meantime, don't give up your day job, no matter how much equity you're offered.
Not to mention that they're making $50k a head working "days/nights/weekends" - a bit extreme!
For comparison, doing software consulting at only $50/hour, you can make $50k working just 19 hours a week...
We are all 2 or 3 years out of college. So while I admit we could be charging our clients a lot more, I don't think that 100K per year in revenue out of consulting ventures is a bad start.