Small Design Company With Many Members (can it work?)

I ran across a guy today that is starting a webdesign company. He has like 5 different people he wants in on the projects who will do various different tasks. He asked me if I wanted in after he saw some of my work. Im a little skeptical. I can’t imagine him pulling huge jobs at first. I don’t know how he is going to pay all of us. Have you guys seen companies start this way? Did it work out alright?

Thanks in advance…

SR :cap: