I know it's something you set up with people on your friend list. Now does everyone need to have everyone else? Or say I have two people on my friend list, and one of them has three other people, would that work?
I know it's speculation at the moment, but surely the latter would make more sense...
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They don't have to be on your friends list at all, actually. Just in your fireteam. Friends are preferable, though. Raids are the toughest challenge that Bungie has put together and apparently need all 3 players working together to the best of all their abilities,so having people you can depend on helps. If you want, when the game drops, join a clan or create one. It is an easy way to find and coordinate with multiple people and set up a time for raiding.