[tylercubell]

I think your challenge is to be objective about your co-founder since they're your good friend. From the outside looking in, it sounds like the equity split needs to reflect the amount of risk you're both taking on. You're full-time, they're part time. The words: "financial obligations", "but", "committed", "after" all create a lot of doubt and uncertainty in my mind. The percentage is something both of you will need to work out but I definitely think you should have the majority share, at least initially. If something changes then both of you could reevaluate later. Perhaps you could put something in the contract that would incentivize your co-founder to join full-time in exchange for more equity.