My Non-Technical Co-Founder Horror Story
startupsanonymous.comWhen business guys start saying "you can be replaced" or that they'll "start a competing company" the correct answer is /always/ "Fantastic! Please do, you'll make me look good.".
This guy was a clown playing for status. Where there's money there is always people playing like this. Focus on delivering value to the customers at a fair price and nothing else.
Also, if people are saying "You can be replaced" it means you can't be replaced and you're doing something right.
Maybe I missed this, but did you get a founders agreement put together? It's not a fun conversation, but it's worth nailing down at the very beginning.
I agree though, should be nailed down immediately. Plus, I don't think it's ever a good situation when equity is given equally. Just asking for trouble.
It's not my story, just sharing it.