For 11 hours of high quality, skilled technical work every day, 7 days a week, and the minimal job security of an unproven business? €32k is not going to buy you that person. You have to find someone who believes in you and your project, shares your passion (and equity), and can afford to have basically no family & social life until things work out.

I know a lot of people who really believe in a project and it's leader who ONLY work for equity without any money, benefits, health care and such.

I know where you are coming from but unlike people here on HN seem to think; the whole world is not Silicon Valley (and I know at least one person in Silicon Valley crunching 11+ hours/day for equity in a startup actually); the amounts paid to programmers there are not really examples for the rest of the world. If you want that just move there and pray the stories are true; there is no bubble.

One of my best friends in the Netherlands has been working for around E40k gross as a top dev for 15 years; he doesn't care about money, doesn't ask for raises. The company still looks like a startup, but is making enough to pay salaries every month for 15 years. He doesn't mind crunching outside work time and often does.

Besides the question if it is 'smart' or not to do so, I don't know a lot of people who worry about these kind of things much. They just work and have fun doing it and the moment they don't like it anymore, they switch.