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From my experience, if your CEO is not competent, the business is doomed to fail without an immense amount of luck. I've worked in a startup that had funding,

From my experience, if your CEO is not competent, the business is doomed to fail without an immense amount of luck. I've worked in a startup that had funding, and a good idea, but the CEO couldn't run a business. He also wouldn't let any of the reigns go to people who COULD run the business, so it was miserable. We'd change directions at least once a week, we'd have him promising customers things that we obviously couldn't deliver, and he'd sign contracts we couldn't honour. He was also abusive to the staff, with the exception of one, who was also incompetent but brown-nosed relentlessly. If the idea has promise, leave, wait out any non-compete and start again without them. Heck, they may even close down and you'd be free to do as you wish. Or move on if there's no way to do that without being sued into the ground. Life is too short to be miserable at work.

greatpostman 3y ago
Yeah, I really really wish I could have a run at it myself. It just feels like this huge amount of baggage, and all the value I’m creating is accruing to someone else. I’m at the point to where there’s no real reason to communicate with him other than to keep up appearances, there’s no decent information/ideas/perspectives/developments coming from that side of town. It still feels foolish to walk away, I could probably will this business into some level of revenue. Question is if it’s worth it to me, a liquidity event would be so far away.
- collingreen 3y ago
  If you can will it into success, break off and start your own. Have a convo with your cofounder that you aren't meshing well together and you won't be able to go the long haul in the current setup - make it easy and you might even be able to divvy up parts of the market while you see if you were right. It sounds like you're going to be unhappy if it fails and also unhappy if it succeeds so change something.

greatpostman 3y ago

Yeah, I really really wish I could have a run at it myself. It just feels like this huge amount of baggage, and all the value I’m creating is accruing to someone else. I’m at the point to where there’s no real reason to communicate with him other than to keep up appearances, there’s no decent information/ideas/perspectives/developments coming from that side of town. It still feels foolish to walk away, I could probably will this business into some level of revenue. Question is if it’s worth it to me, a liquidity event would be so far away.

collingreen 3y ago
If you can will it into success, break off and start your own. Have a convo with your cofounder that you aren't meshing well together and you won't be able to go the long haul in the current setup - make it easy and you might even be able to divvy up parts of the market while you see if you were right. It sounds like you're going to be unhappy if it fails and also unhappy if it succeeds so change something.