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Anyhow, I understand your scepticism about his idea. Few Months you have a prototype, 12k in the bank to spend on marketing, a prototype, and each party owns 50% of the business. It is very hard to do things like the OP is suggesting without knowing people that are in the space already, or having lots and lots of money to gamble.
For both parties to have 50% equity, the non-developer would need to be contributing 12k in capital of their own. The project the OP is talking about ould need to be super sound before most people would gamble on it.
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