[MichaelCrawford]

How is equity divided among the members of a team? There are many ways it could be but unless it is discussed - and agreed to - up-front, if a successful business results, or perhaps if lots of debts result, so will lawsuits.

By contrast I greatly enjoyed MacHack. It saddens me that it's not held anymore. Most people work on their own things, as individuals. The prize is an "A-Trap". It's a type of rat trap; the A-Trap was chosen because Mac OS System and Toolbox calls were implement as "A-Line Exceptions", that is, an illegal instruction, the first byte of which was 0xA.

The objective of MacHack was to hack the system in some clever way; it wasn't to start a business. It was to have fun.