[brk]

All that matters at this point is that you should have a cap table and a stock valuation.

Your investment can be one of the following:

1) cash investment where you buy stock like any other investor

2) loan with defined payback terms.

Just because you are a cofounder or have some equity now does not mean you have to invest and put your money at risk for no ROI

[cofounder1234]

I prefer #1 since #2 somewhat hinges on the startup making enough money to pay me back. I don't think my co-founder will realistically be able to write me a check out of his pocket.

We haven't done a cap table or stock valuation...perhaps now's a good time to start.