As the other guys have mentioned, titles mean nothing. Equity and the controlling stake mean everything.
The guy with 51% (or maybe 50.1% or maybe the adequate amount in your jurisdiction) has majority voting rights and he is the one who calls the shots.
According to what you have said, you guys are already at different stages with different ideas, which means you're in quite deep without any formal equity structure.
This will always hurt you later on, even if the co-founder is your own sibling!
Get the equity right and then just be co-founders.
Comments
As the other guys have mentioned, titles mean nothing. Equity and the controlling stake mean everything.
The guy with 51% (or maybe 50.1% or maybe the adequate amount in your jurisdiction) has majority voting rights and he is the one who calls the shots.
According to what you have said, you guys are already at different stages with different ideas, which means you're in quite deep without any formal equity structure.
This will always hurt you later on, even if the co-founder is your own sibling!
Get the equity right and then just be co-founders.