Ask HN: What would you do? Co-founder troubles.
I'm in the position of co-founder in a startup, and I'm having serious doubts about the commitment/benefits of the other founder.
He approached me initially with an idea, we brainstormed casually for a month or two off-and-on, and then decided to make a go of it... and that's where his contributions have ended.
It was the plan that we'd both build the app together, we're both capable coders, and we'd split responsibility for all the non-coding tasks. It started well, we both collaborated and code was produced; however, due to his family/personal commitments I took on a heavier workload for the programming and he volunteered take responsibility for the more businessy side of things (registering the company, hiring an accountant, acquiring appropriate licenses, hosting, payments etc...).
Fast forward 3 months. The app is now almost complete, 99% by my hand (he contributed literally 1 class in the end), and I'm starting to put in place the finishing touches for launching. I've also taken on all the admin/business duties too, in order to keep the ball rolling.
His contributions:
* Initial idea
* Brainstorming of ideas/vision
* 1 class in codebase ;)
My contributions: * Brainstorming of ideas/vision
* All development
* Register and manage servers (CI, test, and a prod box, email, database)
* Register company, handle the accounts, and bank account
* Licenses/legislation
* Payment processing
I like the guy, and it was his idea, and we did both do a lot of chatting about what the idea should become; but I'm not really seeing that he's really pulling his weight to own 50% of the company, right now I could've probably got the same value out of chatting to a friend at the pub. I have no feelings that he's deliberately trying to screw me or anything of the sort, he's just not actually doing anything.I'm not that short-sighted though. I'm aware that doing it alone could be significantly more difficult than with a partner. I'm conscious that he may very well come through in the long haul.
What do you think? Am I being a fool for thinking like this? Or a fool for going 50/50 with this guy because we're friends and it was his idea.
Thanks for reading! Any advice would be much appreciated.
tl;dr: Should I pull a Zuckerberg on my co-founder for welching on his responsibilities and leaving all the work to me?
15 comments
[ 2.6 ms ] story [ 47.0 ms ] threadIf he's really doing nothing, then talk to him and change the split.
If you continue they way it is though, don't waste your life thinking "I could have had more.", blah blah It's not healthy.
Your third point is something I've been trying to keep in mind; of course I want more, but I'm conscious of that desire so hopefully it won't get the better of me. I keep reminding myself that "50% of something is better than 100% of nothing". Sincerely though, I'm not interested in owning the whole company out of greed, I'm just conscious of splitting it 50/50 when the responsibilities currently aren't stacked in that manner.
Mainly, I'm just unhappy because he really is doing nothing. We split out our responsibilities--with myself taking most of the hard work--and despite that I've still ended up fulfilling both of our roles.
There's an aspect to this that I'm thinking we may just be operating on different timescales. I do believe he'd come through in the end, but I get the distinct impression his end may be in a year or two, while I'm aiming at considerably nearer than that.
Obviously, the solution to all this is to just talk to him, but I'd rather get my slaps here if I'm being silly before saying anything stupid.
It's gone on so long mainly because we ended up having separate responsibilities. It all sounds a bit silly in retrospect. After he said he'd tackle the business stuff--instead of coding which he couldn't find time for--our responsibilities pretty much ran in parallel without intersecting. Until now.
I've had my head down for those 3 months--baring in mind this is part-time--hacking away, and it's only when I've come to start dealing with things he was responsible for (like, "Hey, you manage to get a VPS for our test box yet?" "No, sorry mate been too busy.") that I've realised that he's effectively done nothing for a good few months.
In hindsight, we should've been communicating more. I shouldn't have let this go on for so long; at least not without some communication.
I'm honestly not interested in screwing the guy, we've both (mentally) invested in this project even if he hasn't contributed significantly to the actual work itself. An honest sit-down is definitely the way to go.
"I'll talk to him and see if we can't work things out" That is a dangerous freudian slip there.
Make sure all co-founders' equity is vested.
Don't do a 50-50 split. One person needs to have a majority stake. Otherwise, you spend too much effort being a democracy instead of a startup.
There's a twist to the tale though: we haven't incorporated a company yet. No shares have been split; we've just got a verbal agreement that we'd divide them up that way. If I wanted to do a Zuckerberg, I could quite easily register the company and put myself on as the sole director.
Maybe I'm a control freak, or maybe I'm impatient; I like your suggestion but I can see it now: he'll agree to it, then nothing would come of it for a few weeks/months, then I'd grab the reins again and do it myself.
After having this discussion on HN, I'm definitely of the mind that his and my timeframes are just incompatible. Looking back, he's had a casual and slow, "it'll be done when it's done" attitude, while I'm very much of the fail-fast mindset (aka push it out the door ASAP and see what happens).
Thanks for the thoughts.