3 other people and i have decided to start a project. We were gonna make it together and give credit to all of us. We are very short on funds so we were gonna save for a domain and stuff and buy it eventually. We then found someone who was willing to sponser us and pay for the domain in hosting in return for ownership of the project. I have mixed feelings on it, but the others think it could be good for the site. I dont know what to do. Any feedback would be appreciated....

Well, if you like people saying that they own your ideas....then go ahead. I personally think you all would feel a lot better if you bought the domain and did the work yourselves.

^^
i agree it would be kinda cheap if they did the work and paid for it, but whatever makes u feel better then go to that direction

Thank you for your input. We have decided against it. We found hosting and we're gonna split the domain.