Found on Elance (should be on craigslist)

"Looking to find interested developers who will help create a multimedia platform software. Developer must have experience developing a film software application, similar to imovie. Developer will receive percentage of equity, 15% that is why the salary is less than 500. Concept will change the entire markets"

let's see.. $500 plus 15% of FA =

15% of nothing. This type of thing is the reason I got out of software development. That field is getting as bad as the gratis jobs for (yeah, I can't pay anything, but it's great exposure) videography clients.