Excellent article. I wasn't seeing eye to eye with the cofounder of my first startup, and didn't realize it until a couple years in. He wanted a comfortable business that allowed him to take Fridays off and spend more time out of the office. I had visions of being the next Microsoft and wanted to pump every dime back into the business.
It led to him quitting after the first couple years, and me driving the company to a lucrative acquisition. We hadn't issued our initial shares with an ESOP, so he got his full percentage, even though he didn't do most of the work. But the biggest problem was early on, when he wasn't working a 40 hour week and distracting everybody else from being a hard core startup.
It led to him quitting after the first couple years, and me driving the company to a lucrative acquisition. We hadn't issued our initial shares with an ESOP, so he got his full percentage, even though he didn't do most of the work. But the biggest problem was early on, when he wasn't working a 40 hour week and distracting everybody else from being a hard core startup.