1. The easiest and most common thing is to split all the equity now and figure out how much to fundraise later.
2. Yes. Standard is over four years, the first quarter of the equity cliffs at one year.
3. Most common is splitting equally. But this is really up to you. If you think the business guy is a really impressive person, worth four times what you are, then go for it. But this could be years of your life you're talking about. It's reasonable to say that you're only interested if it's an equal equity split - most of the work is still ahead of you.
2. Yes. Standard is over four years, the first quarter of the equity cliffs at one year.
3. Most common is splitting equally. But this is really up to you. If you think the business guy is a really impressive person, worth four times what you are, then go for it. But this could be years of your life you're talking about. It's reasonable to say that you're only interested if it's an equal equity split - most of the work is still ahead of you.