This is your company. Not the CTO's. It's time to have a frank discussion with your co-founder and decide what is best for you and for the company. It may ult

This is your company. Not the CTO's. It's time to have a frank discussion with your co-founder and decide what is best for you and for the company. It may ultimately be best for you to step down, but it shouldn't ever be because of your technical abilities, and it shouldn't be because the CTO believes you should. There are lots of things you can be doing, and the fact that you CAN code (even if it's not high level) is huge. There is testing, blogging, social networking posts, Google Analytics, SEO/SEM, recruiting, buying office supplies, soda runs, customer outreach, marketing, more testing, design, investor outreach, product management, program management. You have so much that you can do, that unless you are a liability (past convictions by the SEC), or so caustic that you are the direct cause for the companies failures, that you still have an important role at your company for many years to come. And if you do stay, it's time to put the CTO on notice, the CTO works for you.