That's ridiculous.... Assuming it's really in "idea" stage, you should shoot for close to equal partnership OR a decent salary PLUS 2%, unless:
-the business is extremely capital-intensive (which a web business usually isn't). If these guys need to dump their time AND millions of dollars into it, it devalues what you have to offer.
-they're far along in the process. Sounds like they aren't, but if they've got months of value ploughed into the business, you don't deserve an equal cut.
-they have tons of strategic value. If the business is selling toys on the internet and these guys have decades of relationships in the industry, that might skew the value.
Do the math on what 2% works out to in various exit events and do a bit of research about dilution if you think this idea might get financing some day. If you DO get a better deal, make sure to understand dilution and have a decent buy/sell agreement that keeps you from getting screwed.
-the business is extremely capital-intensive (which a web business usually isn't). If these guys need to dump their time AND millions of dollars into it, it devalues what you have to offer.
-they're far along in the process. Sounds like they aren't, but if they've got months of value ploughed into the business, you don't deserve an equal cut.
-they have tons of strategic value. If the business is selling toys on the internet and these guys have decades of relationships in the industry, that might skew the value.
Do the math on what 2% works out to in various exit events and do a bit of research about dilution if you think this idea might get financing some day. If you DO get a better deal, make sure to understand dilution and have a decent buy/sell agreement that keeps you from getting screwed.