[horatiumocian]

I suggest it would be a good idea to try to clear the ownership issue as soon as possible. Am ambiguous agreement will come around and bite you when you have some degree of success. Everybody in the team will feel like they had a major contribution toward it and will want a bigger share of the equity.

[djloche]

In an attempt to clarify - the equity split is agreed upon, defined and legally taken care of. By having it taken care of, we don't worry about it and focus on building the business to the point where it matters.