One risk to hmexx, but may actually be a good thing, is that they get the 2nd or 3rd best idea from their dev partner. Then, if there is a healthy exit, the dev partner can fund their no.1 good idea. However, after a successful exit with hmexx, they may be in pole position to participate in the next deal with their dev partner while seriously reducing the biz partner's work load. This would be great for deal flow.
One risk to hmexx, but may actually be a good thing, is that they get the 2nd or 3rd best idea from their dev partner. Then, if there is a healthy exit, the dev partner can fund their no.1 good idea. However, after a successful exit with hmexx, they may be in pole position to participate in the next deal with their dev partner while seriously reducing the biz partner's work load. This would be great for deal flow.