It’s never a good idea. We hosted a Founder Institute event tonight and Dave Parker said something like “If you go 50/50 with your cofounder, you’ve already failed as a CEO. You can’t even make the first tough decision right”. I totally agree — there’s a ton of decisions that a CEO has to make and it’s no where close to being the same.
Dan Shapiro once said “50/50 isn’t a business decision, it’s a compromise”.
What are your thoughts on this?!
Here’s another blog post that I wrote: How to Divide Equity to Startup Founders, Advisors, and Employee