Joining a tiny startup, when/how to ask for equity?

Hi! i'm a student who recently got "hired" to build an app for a startup. It's stipend based and broken down into 3 phases for payments. I think the idea is pretty good and am excited for the project. The other two members of the startup have spent a lot of time on the market research aspect of it and have a pretty solid board of advisors. My question is, when/how/if I should ask for equity if the project is going well from my end. I think theres real potential here and wouldn't like to miss out on the long term opportunity. I'm sure they would keep me around if I did well on the app but still.

submitted by /u/afneyman
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