I personally would never work on any domain I do not own and think even in a group effort like this proposal one needs to be the leader and set out terms up front as for compensation for contribution.I have done a couple partnership in this industry and each time i ended up buying the partner out as I worked my ass off while they reaped the rewards.Speaking with Years of experience partners are not the way to go unless you work together side by side and each put same effort into a project.I know at least 10 big websites now who have ‘partners’ yet one guy is working 70 hours a week while the other is still figuring out what it is he is suppose to do yet getting 50% of the revenue.
I have tried to ‘help’ friends and family by getting them involved in smaller projects but in the end they did not have the interest to contribute much.
There is one partnership I have that has worked very well ,another 10+ year affiliate and I have decided to take on the financial niche together.He has same work ethics as myself and we have been friends via the forums for 6-7 years.We are doing this project together as we have this interest together and we each commit to 4 hours a week right now while building things up and we share expenses 50/50.We refer to this as our retirement project as we each shoot for retiring in next 5-10 years and this project will keep us out of trouble and give us just enough work to keep the brain cells happy 