Recently I have been asked to join an exciting startup as one of the core developers. I was thinking it is a good opportunity to stop working for other people and start my own. It is just a weekend project until we make an MVP so that they could present it and find investors.
They say we can't pay you for your work now because we don't have money but record your time and that will be your investment into the company. Later on, when we get to register our business, your share of business will be calculated based on the hours you spend.
A couple weeks are passed and I realized 10 other people are joined the project from developers to marketing advisors.
Despite what I hoped for, there has been no group meeting to talk about the progress, business plans, market research, strategies, etc. Maybe I am wrong, but I think at this early point everyone should be involved in planning.
I am a developer, but when I join as a core member it means I am a founder. The idea is not mine but the implementation will be mine. I expect to contribute to making decisions so to feel like this project is my own, but rather, I am receiving memo like updates about what has been done, who has joined, even a handout of my deliverables!
At this point I feel like I am being considered to work as a developer for new employers and for free!
Based on your experience, do you think this is normal? I suspect they just want someone to develop their ideas not a co-founder. What do you think?