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And this is why I alway say choose your cofounder carefully. It is better to do it alone than have a bad cofounder. A good cofounder is best but you can force
by temporary29488 8y ago
And this is why I alway say choose your cofounder carefully. It is better to do it alone than have a bad cofounder. A good cofounder is best but you can force that.
I have seen this multiple times. This isn’t going to work out. If he like this idea, suggest to him that he be a seed investor and not a cofounder. Explain to him that no one would invest in a startup with a cofounder that isn’t there most of the time. If you haven’t signed any papers, then you don’t owe him anything. Start recording how often he is at the office.
He is a classic case of I will do it if there is money. He is using you as a call option. If it makes money, he goes full time. If not, well, he has nothing to lose. I mean he still has his job. It’s a good bet for him. Not so much for you.
If he won’t leave and your shares are not vested, then you are going to have a hard time getting rid of him. Next time, be smarter.