So I read this question on how to split a start ownership fairly. Forming a new software startup, how do I allocate ownership fairly?
There the answer says that we should split the ownsership 50%-50% beween two founders so as to avoid endless arguments and the company failing. However, in my case the problem is that I'm starting a company with a person not totally voluntarily. In addition, I know that my "co-founder" likes to takes things easy, not stretch himself too much, leave everything to the last minute and generally he doesn't take our project as seriously as I do. I'm not saying he slacks, it's just he doesn't put in the extra overtime needed to bootstrap a company.
What I envisage happening is that by the time the company starts generating profit, I will have put in way more work into it than he has. Is it still recommended to split the ownership 50%-50% in the early stages? I don't want to wait too long, because once the money starts coming in, I imagine it will be extremely hard to negotiate the ownership. I've heard about vesting but I don't know if it is applicable here, because he most likely will stick around the company, it's just he won't be working that hard on it as he's got other stuff to do.