Are you developing a useful and unique product that even Steven Jobs would like to be a part of? Do you have enough investment for the next three years? Can you offer real money, in addition to options, good conditions and basic benefits of an IT specialist (voluntary medical insurance, flexible hours, etc.)?
If you answered "yes" to all the questions, then for the sake of your project some IT specialists can really lower salary expectations, but personally, we wouldn't hold out much hope for that, since such cases can be counted on one hand.
Several factors meaning that you have really attractive working conditions: