You're lucky, my business partner and I put a cap table in writing where he wrote I had the most shares of anyone. Then I found out 9 months later he took nearly all of the shares for himself behind my back.
"Ideas person" sounds awfully close to "thought leader". Just a bunch of butt-sniffers
I was in this situation once. I joined, recruited the team, built the product... only to discover he couldn't sell it. Sales were abysmal. He could raise money and "sell the dream" though. That only goes on for so long without results. He also refused to pivot after 5 years of slow growth.
Company nearly went broke and was "acquired" by one of the investors for pennies on the dollar. I say never again... but, I like early stage companies. Maybe not that early.
Re:You won't find a technical co-founder
by TuringNYC on Tuesday April 02, 2024 @10:19AM
(#39906036)
You are lucky, best to avoid this situation immediately.
Honestly people who think their ideas are hot shit and worth 80% of a business need to fuck off.
I can understand a people person and a tech person working together; one person handles the business and finance side, sets up meetings with investors and all that while the other does the implementation side. These are separate and both complicated affairs already; if a founder takes all that on board, great, you get a share.
But you don't earn a share for an idea. Anyone can come up with a dozen ideas in an hour's time. It's low energy, low effort and you don't get a pat on the back for having an idea.
That is basically what I told him and we parted ways. I don't know what he's doing now but at some point he was shilling some "put your business card on a website!" nonsense.
Re:You won't find a technical co-founder
by randomdata on Tuesday April 02, 2024 @02:12PM
(#39908980)
Curious that neither party recognized 80/20 as being unfair. There is just as much non-technical work required to get a business off the ground as there is technical work. And if one or both parties did recognize it as being unfair, thinking they could capitalize on the other's misfortune, that is not good ground to start a relationship on. At least the bullet was dodged.
Anyone who sees themselves as an "ideas person" as if that is a defining or valuable characteristic is a cancer.