I think the best thing you can take away from this is that you got a good little business education for merely $5,000. I think you mishandeld some of the ways y

I think the best thing you can take away from this is that you got a good little business education for merely $5,000. I think you mishandeld some of the ways you allocated your money, however, and think you probably could have gotten away with spending far less for the same education. The legal nonsense aside, I'd have started your company while you both still had jobs and worked on it during your off hours. If things began to pick up and you got some user traction, I would have then spent the $5,000 where it was needed. For one thing, if you had done it this way you'd have come across your co-founder's money problems earlier.