Me (software developer) and my co-founder (UI designer) are looking forward to build a SaaS startup. I would usually lean towards a 50/50 distribution, but in this particular scenario, the application we are building requires much more software development work than user interface design - at least, that's my perception. Furthermore, I was the one who came up with the initial idea and have a clear vision of where we are going. However, there is the possibility that my partner could bring some capital through a personal connection.
Do you think it would be fair for me to get a bigger share of the company assuming my partner doesn't bring the said capital?
If he is able to invest capital in the company, what would be a fair way to determine how much equity we each get ? Maybe estimate how the work load will be distributed among us and convert the capital into "work load" (capital / hourly rate) ? This is delicate step that I'd rather skip, but it is important to put all our cards on the table beforehand in order to avoid future conflicts and frustration.