A close friend of mine wants to start an Internet business and he offered me to be his partner. I will be responsible of building the website and deal with technical issues. He will be responsible of operational stuff.
The thing that I could not understand is he wants 55% of the share; my share will be 45%. I don't care if he will earn %55 more than me. I just don't understand why it is so important for him.
What am I sacrificing by letting him having 55% of the shares, other than the profit?
I don't think the idea is original. I just believe my friend's power in operations & finance. The idea will probably evolve to a point (based on customer feedback and our steering decisions), where the original idea gets deprecated. And he wants to work with me because he knows I will produce a solid, scale-able, flexible web application that uses modern technologies. He also knows that development never finishes (actually the workload will most probably gradually increase) so he needs someone who owns the business. So having it done by an employee is not something he is interested in (Then, he will be bound to that (set of) developer(s))