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Money, Money, Money

I am doing some work for an online music company, kind of in the same vein as Spotify. They want me to design the UI for an IPad app, which I will then adapt to ipod, website, all that good stuff. I am primarily a print designer, and have worked mainly in the action sports industry. This arena is new to me so i need some advice with quoting the job.

They have offered me some stake in the business, which i am interested in. The guy hiring me only owns 35% so i dont want to ask for too much because I think it's coming out of his stake, but he sounds pretty open. As usual, their budget is slim, so i am trying to give them a rate to design this. I am going to give them a number and he will come back and say "how about _% and cut your quote to _".Pretty common issue, I dont want to bid too low, but I also don't want to scare them away.

Any guidance would be rad, and very much appreciated! thanks.

(if it makes a difference, they are located in France)

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Our friends have a house on the beach so we will prob hang there mostly, but I know there are some amazing spots. Any tips? Thanks. (keep in mind, I am travelling with a toddler and pregnant wife, so we have some limitations, haha).

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the specs:
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