A structured set of questions about goals, money, time and conflict. Go through them before you talk about equity.
Starting a company together is a multi-year commitment. Skills are easy to check. Expectations about money, time, risk and ambition are where teams break up. These questions bring them to the surface early.
Do it over two or three sessions. Each of you answers every question, and you compare. There are no right answers, only answers that fit or don't.
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