This depends on what you’re looking for...
- If you don’t need cash and you believe the company could be valuable someday, estimate your fee in equity only.
- If you do need cash and also think the project could be valuable, estimate your fee in a split of cash and equity.
- If you need cash only need cash right now, estimate your fee in cash only.
The choice of how you want to bid on a project is up to you. Remember, it’s important to do due diligence before entering into a work agreement with any company, especially agreements that include equity compensation.