after graduating ealier thia year. i made my startup official wanted to go full force. i asked a friend from high school who is a marketing major to join and take care of marketing and user aquisation. since then this dude has done crap. all he does ia comes up with the worse ideas known to human to change what the company is or we should do abc but wont back any of his idea with proper reseach. all he would say is i think people would like it xyz is doing it blah blah.
He keepa trying to bring more people to be co founders. like WTF!
I have since pauses everything and i dont tell him anything that is going on. i am trying to build a platform that i belive in but he doesnt understand and ia fraustrating because i dont know how to push him out of it.
i am thinking about finding a new name for the company and register that instead.
we never signed any agreements for anything. in all honesty he has 0% share in the company.
what should i do.
i talked to my mentor and advisors and they said they wont give me a dime if this guy is still prt of the company
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comments
Tell him you want to formalize the agreement and offer him 5% ownership if he can hit certain milestones.