I signed up a business partner last year. At the time of his joining the company, the product was built and we had 2 enterprise customers. For the first 6 months, he did not contribute much. He said making some contributions in the last months, however I feel that he does not have the spirit of working in a startup.
Our equity split is like this:
Option pool: 12%
I would like to lower this equity. What should be the rational equity for him? If he wants to leave, I will be okay for that.