You are at a networking event for entrepreneurs when this spunky person across the room catches your attention. You walk up to this gem and start discussing your newest business venture into the world of mobile app development. As the conversation progresses, you realize that not only do you have a shared interest in mobile app developments, you also both have traveled to Malta, enjoy craft beer and go to bed exactly at 11:28 pm mountain standard time every night (despite residing in the eastern standard timezone). It truly is a match made in business heaven. Naturally, the next step is to discuss how you can work together. Before you know it, you two have formed a general partnership and are plowing full steam ahead in developing the latest and greatest dating app.
Things are great at first. You both have contributed equal amounts of money and have dedicated countless hours to the project. One of you manages the project and works with developers to ensure a great user experience while the other hunts down investors to keep the money flowing (because at this point both of you are on a steady diet of canned tuna, ramen noodles and Crystal Light). A software that you worked on a few years ago was recently, and unexpectedly, acquired by a Fortune 500 company and you have just come into a large amount of money. This is great because your dating app, Dating for Winners (a name picked out by your partner), is nearing completion but you have your last (and biggest) payment remaining. One of your investors has suddenly pulled out of the project so you decide to use your large payout for the final payment.