Given that this angel wants an equal stake and directorship, and has said that he wants to live the start-up life vicariously through you I would expect him to

Given that this angel wants an equal stake and directorship, and has said that he wants to live the start-up life vicariously through you I would expect him to be quite hands on in his role with your company. Expect him to try to make a lot of decisions about how the company should be run. So, don't bring him on unless you would also be comfortable having him as a co-founder. I would recommend trying to stick it out. If you want inspiration, watch Brian Chesky's talk at Start-up School. AirBnB went through exactly what you are going through, and in the end it worked out for them. http://www.justin.tv/startupschool/b/272180383 http://www.justin.tv/startupschool/b/272180383 Good luck!