i'm currently in the initial phases of a start up and i'm teaming up with 3 partners. 2 of them are coders who are also married and one is a business guy, who will help with financing and other business related topics. i've been developing the initial idea for about a year. i've put together the wireframes, the name of the site, and even hired a team to code it, which i and the 'business guy' have paid. basically i've pushed the site/idea to its current stage now. the 2 new partners/coders have more experience in start-ups than the both of us, me and business guy, but i think we're just as valuable. they haven't started coding yet. the concern that's coming up right now is dividing the shares accordingly. since i came up with the idea and brought along the others to join i feel that i deserve to control the majority of the shares. their idea is to earn equity based on how much work they do. i realize that the 2 coders will put in more time into this, but i'm scared to lose control of the site and the idea/execution.
i was told that you earn 5% equity for coming up with the initial idea. is this true? if so how much for the title of the domain name?
based on what i wrote, how would you divide the shares right now?