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A comment on Ask HN: How would you split ownership in this scenario?.
CodeCube provided a link to Joel Spolsky's answer on how to do this. He speaks about your specific case where you'd work full time on it while your co-founder does not : http://answers.onstartups.com/questions/6949/forming-a-new-s...
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CodeCube provided a link to Joel Spolsky's answer on how to do this. He speaks about your specific case where you'd work full time on it while your co-founder does not : http://answers.onstartups.com/questions/6949/forming-a-new-s...