Objective See

Thoughts on programming, design, startups, et al

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I’m fairly sure the OP is referring to “5% of app profits” offers, i.e. shares in a yet non-existant enterprise. You’d effectively be acting as an angel investor in a company run by someone who won’t actually do anything. (investing time rather than money)
In response to people who ask for iOS apps in exchange for a percent of the profits. link