The hardest part is probably content controlling, I have myself considered to launch a host, but how do you make sure no one sabotages your website by uploading illegal content what could get you in trouble?
Since you’re looking for a partner, be clear about who brings the users and who handles the service. Two people splitting the server bill still need a reason for uploaders to switch from their current host. That’s the part I’d want figured out before spending money.
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