A friend of mine and myself are starting a band, but it is just the two of us. I play guitar and he plays bass. We haven't been looking for anymore members, we just want to get a few rhythms planned out and recorded. So far, it has been difficult to get started, due to college work and a scarce amount of equipment.
7-string Schecter A-7 Series guitar, and an ESP LTD Series F-100.
None, but will soon have some.
A few drum machine programs on my PC. They work pretty well, but they are freeware, which basically means that they aren't very good.
No need for any yet.
Hard disk recorders
We each have amps, and a few other speaker systems, but that's all.
We have three computers total in which to store music.
I have a few multi-track and music editing tools.
A few speakers, pedels, and amps. Not much else.
As one can see, we are just beginning to get things started. When we each get enough money, I think we are going to chip in and buy some of the stuff we need. But for now, we are just experimenting.