The big problem I have with this is that the 50-50 split gives hmexx too much control.
With this 50-50 split who decides the future direction of the project.
After the MVP is ready there is still a lot of coding required to make it a successful business, you need the developer to be fully committed to the project. Losing 50% stake this early is not that much motivation. Unless the new partner brings specific skills to the table that the business can't survive without.
It's better to take a small stake like 15% and just choose a project very selectively.
With this 50-50 split who decides the future direction of the project.
After the MVP is ready there is still a lot of coding required to make it a successful business, you need the developer to be fully committed to the project. Losing 50% stake this early is not that much motivation. Unless the new partner brings specific skills to the table that the business can't survive without.
It's better to take a small stake like 15% and just choose a project very selectively.