I started a company with my friends and we are in the business of selling table top card games. We haven’t sold any games yet due to an inability to pay for inventory. Therefore, we were going to raise money via a Kickstarter. The amount of money overall wasn’t a significant sum it was just something we were/are lacking at the time. So basically we prepare for a Kickstarter. We start doing everything for the business to raise awareness and build community. We get a business credit card and start contributing fixed amounts each month. The credit card was probably only attainable because of the large number of assets this partner has in stocks. Shortly after all this happens and we start to get real quotes to produce our game I suggest that it’s inexpensive enough for us to split the cost. He says no to this proposition. I then say what if I cover the cost and get some more equity for doing so. He says no to this proposition as well. I don’t have a lot of money but I would have found it because I believe in the project. So then my parents offer to give us a zero cost loan but I had to disclose to them my friends substantial wealth. He sites that he has some debt and that’s why he doesn’t want to contribute any more money. So I suggest for him to sell some of his equity to cover his share of money if he doesn’t want to put up his own money. He says no buy me out. What am I looking at here?
Update: Here is my website to show you what we’ve managed to do CapitalPunishmentGame.com