We have our roles clearly defined for the development of our startup. We just launched our pilot but my partner’s products are not working. Mine is flawless. He is being defensive. We don’t have a contract in place yet. We should have them signed this week or next.
He is being defensive about his work and does not take my advice on programming tips/errors I point out. We have to have a 5 minute argument of him saying he is 100% sure he is right until he finally listens enough to say “oops i forgot” for every single thing.
What should I do? What should the contract say? We are split on equity right now and if this pilot goes well we should be getting a nice sum. Nothing is on paper right now but we do have a company. My priority is in a successful pilot and getting $$.
You need to reevaluate why you’re working with this person.
Get out while you can.
You think it will get easier later. It will not.
Evaluate if you want to be in this long term with him. If not you can tell him you can’t work with him and you’ll quit and take the company down with you, or he can sell you his portion of the startup at a reasonable valuation or he could leave and retain a smaller chunk of it.
I had the exact same issue. The equity was split 50/50. 3 months in, we had a fallout, and he wanted to keep the 50% and I said, fine if you do that I’ll quit and it ends here. Finally with some arbitration with knowledgeable friends he dropped his equity to 5%. Yeah it sucked since its 5% of “wasted” equity, but in the big picture it was fair and everyone was satisfied.
3disgorge
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