Fellow ranters, I need some advice.

Work at an early stage startup to build their initial product(let's call it X) or work at slightly established startup with funding(let's call it Y)?

Both have their own benefits.

Working at X:
- I have equity (and a co founder position) thus chances of high rewards if the startup is successful.
- I get to build the whole product from scratch (great learning experience).

Working at Y:
- Don't know much about the company but I get a decent stable income.
- Work with a team (although a small one).
- Job security.

I'm currently in my final year and have given up on campus placements. Moreover, I'm not interested in wasting my time in pointless interview preparations. So I figured that startup is the way to go.

About to have my first interview ever for a sw Dev position. Any advice? It's a co op job posted by my uni at a local start up (already has funding and a product).

Need some job search advice here please!
A startup is has offered me a job, but is going to be paying me half salary for 3 months, and then they're sure to get funding, so will be paying the difference amount after 3 months. But, it all hangs on this supposed funding that will happen in 3 months. The "CEO" is actually working for another company currently. And his rationale for half salary was, we all need to take risks with startups. Is this worth taking up? The alternative is me continuing job search for a more stable job (where I can stay for few years) and a full salary with benefits and all. I'd tried starting up on my own earlier, and now I'm looking for opportunities fulltime (in other words unemployed).

Are there any freelancers from the UK around here? I'm going it alone and I could do with some advice on finding filler projects whilst I wait for a client to look at funding