Either find the way to boost up his motivation or tell him he's going to be working part time and his equity will be reduced accordingly (that's assuming, his p

Either find the way to boost up his motivation or tell him he's going to be working part time and his equity will be reduced accordingly (that's assuming, his part time work worth something). co-founder who give 100% of himself, gets 50%. co-founder who don't, does not. Better off, if you think you drag on your own for a while, fire him. The worst thing to your productivity (after social sites...), is a non productive person next to you. * s/him/her/