Ask your landlord. Will he let you live for free in return for equity?
I guess in Silicon Valley it was like that lol
Do you believe in the idea? Do you believe this guy can do it ?
To believe in someone, it requires a good knowledge of his previous successes or personality. I guess the answer is no. The idea itself is ok. Nothing fancy.
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Do you know and trust this person? Are you a cofounder or a contractor?
Nope he contacted me through LinkedIn, to help him out to take his idea to the next stage. I don't mind equity with pay but I feel bad to invest any time without getting paid.
Under those circumstances, cash only please