How do you deal with a difficult co-founder?

With that in mind, there is a best course of action for founders and co-founders to resolve dilemmas with one another.

1. Have a Plan of Action (In Writing)
2. Address Conflict Head On.
3. Work to Understand Your Co-Founder’s Point of View.
4. Come Up With a Solution.
5. Don’t Abandon Your Stance Once the Conflict Starts.

Can a co founder be fired?

Co-founders, business partner, or founding team of a company can be fired, and even the late great Steve Jobs found that out when he was booted from Apple.

Can a majority owner be fired?

Business Owners A majority owner of a business can attempt to terminate a minority owner. However, majority owners don’t have that right simply because of their status. In such a case, the majority owner would likely have to buy out the minority owner.

What does a co-founder actually do?

For instance, a technical co-founder should run technology. Other founders can have input, but on technology, the buck stops with that technical co-founder. Each co-founder should ask what role they, and they alone, can fill, and then you should articulate those roles to your entire team.

What happens if your co-founder leaves Your Startup?

It’s also a good idea to create a founder IP agreement that includes terms that clearly define what happens if your co-founder leaves your startup. This is mainly to prevent a situation in which your co-founder leaves and is in possession of your company’s creations, opening the door to potential competition.

How to deal with a co-founder who wants to exit?

There are certain measures you can take early on to help make a co-founder exit situation easier to deal with. Creating a Founder Accord that details founders’ roles and responsibilities is a good way to help prevent future disagreement. You should also make sure to have a shareholder agreement that includes vesting provisions for founder shares.

Should CEO-founders give the co-founder title in full?

The founder-CEO desires the recruiting and loyalty juice that comes from offering the “co-founder” title, but she can’t bring herself to offer the title in full, so she allows “Founding Team.” I say: bite the ego bullet and offer the co-founder title in full. In the end, I recommend CEO-founders be generous in doling out the co-founder title.