Everything I've heard says that 50/50 (or actually any allocation that gives away 100% up front) is a bad idea. Let "the company" keep some or most until you h

Everything I've heard says that 50/50 (or actually any allocation that gives away 100% up front) is a bad idea. Let "the company" keep some or most until you have something worth dividing up. Give your self 25, give him 25, and parcel the other 50% out over then next 6 months, year, or however long it takes to make those percentage points worth something.