2 colleagues and myself won a contest, for a business idea (my idea). We jumped into things and immediately bought a domain, incorporated in a partnership, bought a computer, some business cards and... Did nothing else for 6 months.
Finally, after explaining to people for too long that it was on the back burner, I found a company to outsource the work to in India. Through this process, we've spent the rest of the $6K we won and invested about $1500 each and we finally have our app completed, being submitted to the App Store whenever we say.
The other two guys have done almost no work on getting the app created. One has probably put in an hour and the other maybe 5-10 hours. I've put in anywhere from 2-10 hours per week for the past 7 months. I've had all the ideas and put forward all the initiative and I've have the ideas that turn a small app into a business (which I haven't shared with them). I'm in the final stages of being picked up by a startup accelerator and have explained the situation to them and they have given me the advice to have my partners and I divest our shares form a new company and get shares in a new company that vest in 4 years. The kicker is they move from owning a third to 5% each and the startup accelerator gets 10 and my new tech. co-founder and I split the rest equally.
My question is what are my options if they don't go for this, even though their shares will probably be more valuable than their original shares, in the long run. Looking for whatever help is out there.