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"Just because everyone has an equal share doesn't mean the CEO needs to build consensus." If they other co-founders own more than 50% of the equity that's a ve
by sonnyblarney 8y ago
"Just because everyone has an equal share doesn't mean the CEO needs to build consensus."
If they other co-founders own more than 50% of the equity that's a very legit thing and they can call a board meeting instantly and make mega changes including getting rid of the CEO.
Moreover - in the early stages among founders there has to be at least basic consensus or you're dead. Otherwise there is literally no team.
The CEO should be given more leeway, but it's not always so clear either. There's a reason the others are 'co-founders' and not 'first employees'.