I wouldn't want to join a 10-founder startup, either. A follow-on to my comment would be that an engineer looking to work at a startup should almost never take options as a part of compensation, and should rarely take actual equity if it isn't sufficient to be on near-equal footing with the other founders' equity. Startups also shouldn't offer such crappy deals. They should pay the market rate, or slightly more because of the inherent risk in being an employee of a startup entails, and forgo the charade of stock grants (in any form).
