Shortly after submitting our application, my co-founder (technical half) informed me he could no longer devote the time necessary to the startup for various personal reasons. This caught me completely off guard and I was pretty bummed. Determined not to let this phase me, I called another friend the next day who had been really interested in the idea and asked him if he would want to be my co-founder. He agreed and now he's on board.

I have since removed my original co-founder from the application and I plan to update the application with my new co-founders information. I wanted to know if there was a particular way I should handle such an update to the application? I guess I am also curious to know how this might affect our application, and whether this has occurred before? Thanks for any help in advance.