onetwofifth

This one just happened today, still think this city does not have a major problem? 4 assaults on random strangers, still on the street, this last one was attempted murder.

https://www.kiro7.com/news/local/man-arrested-for-trying-to-...

No other cities has legalized small possession drugs and have made it defect legal to camp and do hard drugs and defecate right next to residential areas.

No other cities have attorneys and politicians that through ideology have destroyed law and order.

No other cities have a judicial system in which people can commit 73 crimes and be on the street.

The intensity of the crisis is insane, and it affects everyone that has to live with the highest level of property crime in the nation and to see this insanity every day and to live in fear of a city that won't prosecute these "Crimes of survival"

Watch the whole video, see the story of the rapist who was let go the day before he raped.

Without full time effort correct. They have demanding day jobs.

First full time employee. They are hiring a server side dev, UX, Design and QA.

1. All the mentioned is that they all put "tens of thousands/car money" each, so I assume 50k each? Hard to say. They also need to hire a 4 other production workers (Server side, UX, QA, design, etc).

2. By valuation they claim that is what they will be worth based on user base (8/per user I keep hearing). That is the business model. I am highly skeptical, I put it at 10 million in a 1-2 years at best. They want to sell the app ASAP. They claim they won't sell for less than 25 million. They say "every 1% be worth $250k - $1.5m"

3. To be fair they did claim it was insane. "Equity vests when app ships" was in the terms for the 0.5% to 2% I got in the various offers.

4. I have no idea about such tax implications. All I heard was preferred stock. Any information would be appreciated.

They made me sign an NDA before even talking. They claim to not be aware of a competitor app based from France which has significant user base. They didn't make it known to me when I asked them of competitors, only to vaguely say "they remember hearing of it" after I mentioned it ( http://www.tvshowtime.com/en ).

2 business persons and 1 creative/marketing. None of them technical. All of them have highly paid day jobs as high ups in a big (really big) company. They are trying to hire people who quit or were laid off from such big company. All they talk about is having a big enough sell price so they can quit their jobs, only the creative truly thinks about the product.

I agree, they seemed to have fallen on their lie of then not having money. They want a contractor to build an app I should probably charge as a contractor.

They knew exactly what the market rate was. One of the founders was my ex boss. They also knew that I had recently been laid off because of budget cuts.

I am leaning towards they tried to screw me over, got caught and said "haha, joking". I am worried about them trying to start a company like this, when quality of first employees and execution are key. Ideas are cheap.

It feels like the long term relationship is poisoned already.

"If I had to guess, it sounds like perhaps they had no idea how much the market rate was and then"

One of the persons who made the offer knew my previous salary (close to the new offer). And I negotiated with him before.

Furthermore he knows exactly what the market rate is, as he dealt with it on a daily basis.

That theory (they didn't know..) is debunked. They even mentioned Angel List saying "in the valley they pay 80-140k", which is strange because that fact undercuts their own argument (though they said that equity was much lower.. )