Ok, I've had an idea for a completely original database-driven website that will provide a service to a categorised market and the (potential) users will pretty much all be online purchasers. The website will be reliant upon user input (only text and drop down boxes). The revenue will be from ads.
Now i definately do not have the skills to produce this sort of website. So my options are 1) to pay for a designer to do it, or 2) get my long-time friend (currently in final year of a internet computing degree) to do it for a stake in the business.
I've briefly explained it to my friend an he agrees it is a good idea and quite simple to implement (although I did not explain some of the smaller details i have planned).
I've thought of the benefits and implications of both, and I think it hinges on the ability and time of my friend as I don't want to give away equity and find out he can't implement things and/or doesn't have the time (if he is busy at uni/full-time employed).
With a designer comes the initial capital cost, but a polished product. However if the website is successful there is a whole host of things I might possibly do, so I need to have a good relationship with them.
What do you guys reckon?