Great post and thanks for sharing. However I don't see the most important point covered: Before anything, set up a written agreement with your co-founder(s) co

Great post and thanks for sharing. However I don't see the most important point covered: Before anything, set up a written agreement with your co-founder(s) containing * Founder roles and responsibilities * Expected time commitments * Testable performance metrics or at least testable cases of non-performance This may be part of the company operating agreement (containing the company ownership structure) or a separate document that any co-founder has to sign. Unfortunately I learned this the hard way and once ended up with a co-founder that wasn't really committed to the company up to the point where we got acquired (up to which point I've invested about 3x the time as compared to my co-founder). Trust me, getting acquired in that situation did not feel good, not at all.