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No. I try not to be so absolute online, but, No.

The contract can be ignored. How's he going to fight it? He's been working for free and he's broke. He has more important things to worry about like eating. So a crappy lawyer takes his case on a 30% contingency. It's still an uphill road until he might somehow get something.

Never work for free.

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My last interns had a salary of 13€/hr gross (I´m based in Munich). Working 20 hrs a week is enough to pay the rent and buy beer. In the remaining 20 hrs you could still be the unpaid CTO/CFO/CEO of any startup.

Correction: 80 hrs/wk available for the unpaid CTO. You are thinking like an employee would by speaking of a 40 hour work week.

To the OP: choose the startup if it is your life, your mission, and you can directly build value. If you do not believe in the value-proposition, then find something else. There are plenty of startups, plenty of growing companies all over the planet. Find one solving a problem you personally care about that also has a requisite amount of upside for your personal risk preference.

Shit, can I intern remotely for you?

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