I'm currently starting up a mobile social networking application with zero funding. The app is currently in the mvp stage with a very thorough business plan, and my business partner and I are currently negotiating a software development contract with our server side developer.
We have found an acquaintance with law experience who has offered to fund our project around $12-14k to cover the server developer's work, as well as a provisional patent. Including this financial investment, our acquaintance has also offered long term consulting services.
We are also thinking about giving him decision making rights in the company. How much equity does our acquaintance deserve for his funding and services?