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A related issue that I don't see addressed in the comments is the trade off between salary, opportunity cost, and equity.   If there are two founders, one who could earn $150k, and the other who could earn $50k, should the former always get three times the latter in compensation, given equal commitment?  If there is no salary in a bootstrapped startup should one get three times the equity (or at least some portion of allocation)?  If both have the same market salary, but one has greater need, should the one be paid more? Should they in consequence get less equity?

All difficult questions I don't have an answer for.  



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