Founding-stage planet, presumably.
If someone asked me to work for $1000 or $2000 a month and they weren't offering high double digit equity I'd laugh in their face. If the company has funding and momentum then I'd want market salaries which is an order of magnitude higher. If it's early stage then it depends on what each person is bringing to the table. An experienced entrepreneur with a relatively inexperienced engineer should not give that much equity, but for the inverse 30-40% is not unreasonable. If you think this person has the chops to make the product a reality then put an appropriate vesting clause with cliff and do it.
At the end of the day it's about ROI, not about bogus conventions on how much "employees" should get.
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