Requiem for a Partnership, Part 3

Aaaaaannnnnnnnd we're back.  My partner is suddenly no longer comfortable with our arrangement. 

Again.

It has been 25 days since our accountant suggested this method of investing, where in addition to both of us funding the company equally as partners, I also take on the role of an outside investor, and invest for a temporary allocation of profits until my investment plus 9% (APR) is paid back.  As an investment, its a pretty shitty one.  Credit cards pay 20% and have less risk.

My partner thinks I'm being unfair.  She says her friends agree with her that as a founder, I should just put more money in, and/or give her an interest free loan.  Not a chance.  From my point of view, I'm already doing more work than her.  She came up with the features.  I wrote the specs.  A graphic artists that doesn't know how to make graphics for software did the graphics  I made the design.  I made the rough wireframe.  I hired the coders.  I wrote the prototypes.  I taught the graphic artist how to deal with different screen resolutions and densities.

I told her if she thinks I'm being unfair to her, she should find another person to work with who is willing to do everything I am for only 50% of the ownership.  She didn't want to do that.

I then told her that if she doesn't like me making more money than her, then we could find someone else to invest.  She didn't want to do that.

I told her we could find a third (or fourth) partner(s) who could bring both skills and money.  She didn't want to do that.

What she has done, is given me a complicated counter-proposal for investing that magically comes out to the same dollar amounts going to each of us.  Exactly the same.  To the dollar.  Only it is so silly I don't know how we would explain it to the next round of investors.

I now have to decide if this chick is just nervous because this is her first time starting a company, or if we will just not be able to work together.  This is a difficult one for me, as I have never made a decision like this before.