At the start, the even split felt like the most generous thing you could offer. Neither of you would sit above the other. Then decisions slowed. A hire stalled because you couldn’t agree on the candidate. A hard call went unmade. Lately, one of you has started deciding things alone, and the other has gone quiet in meetings.
If you are the one deciding, it can feel like sitting in the passenger seat while the car drifts toward a wall, and you reach for the wheel. If you are the one going quiet, you’ve stopped pushing back because the outcome seems settled before you open your mouth.
Two cofounders I worked with had a version of this dynamic. Before founding their company, one had managed the other. The CTO left the company they had both worked for largely because he expected, as a cofounder, to be included in nearly every significant decision, including those outside his own functional domain. The CEO wanted the opposite: fewer decisions by consensus, more authority to act, and more speed.
When their roles blurred, the CTO felt slighted each time he was not consulted, and the CEO came to regard his partner’s requests for input as insecurity and a grab for status—sacrificing speed for power. On their leadership team, the conflict produced repeated deadlocks and a pattern of executives lining up behind one founder or the other. Before any single decision could move forward, the two of them had to do substantial alignment work.
Equal Ownership, Unequal Influence
Many founding teams arrive at an equal split because the conversation about power feels too threatening to have, particularly when the cofounders are close friends or spouses.
Declaring the partnership 50/50 functions as a gesture of goodwill, and it spares both people a negotiation that might expose disagreement early.
In a study of how founding teams divide ownership, the economists Thomas Hellmann and Noam Wasserman (2011) found that roughly a third of teams in their sample split equity equally, that those teams frequently reached the decision within a day, and that equal splits were associated with lower valuations in the first round of outside financing. In my clinical reading, a decision of that magnitude made that quickly often reflects a conversation the founders avoided. Equal partnerships can work well; the difficulty comes from unexamined, superficial alignment that breaks under stress.
Ownership also says little about influence. In their classic analysis of social power, the social psychologists John French and Bertram Raven (1959) distinguished several sources of influence. Three are especially visible in founding teams.
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Legitimate power derives from a recognized role, which is why a CEO title carries weight that a CTO title usually does not.
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Expert power derives from knowledge others depend on, such as ownership of the codebase or the investor relationships.
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Referent power derives from being admired and identified with, the founder whom employees naturally gravitate toward.
Two people can hold identical equity and very different amounts of each, and employees typically perceive the difference before either founder names it. Prior relationships carry their own hierarchy into the new company as well, which is what happened to the two former colleagues.
What Unspoken Power Does to the Partnership
When authority is undefined, decisions tend to default to consensus, and consensus is slow.
Information begins to collect around whichever founder is moving faster, the other founder loses context, and the executive team reorganizes itself around that asymmetry. Over time, influence that cannot be discussed openly moves underground into side conversations, unilateral calls and withheld information. The founder with less power often withdraws, which is an understandable response to repeatedly feeling unheard.
Beneath most of these struggles, I see one of two movements.
Some founders reach for control. If this is you, the reach usually begins with feeling unrecognized or powerless, or with resentment that your contribution outweighs your share. Once you have lost confidence in your cofounder’s judgment, taking the wheel feels like protecting the company. The cost is that your cofounder feels more insecure, more powerless, and less recognized, and that impact is yours to own.
Other founders let go of control. This can come from a habit of placating, from anxiety about being solely accountable for outcomes, or from the private knowledge that the role has outgrown you. Many of the cofounders I see in this position care deeply about the company and are not keeping pace with its growth. You may try to keep the gap from being seen. Deliverables slip, your cofounder steps in, and you are left failing your own expectations and someone else’s at once, which is among the more painful experiences in a founding team.
Bringing Power Into the Open
Naming the dynamic out loud is uncomfortable, and leaving it unnamed is worse.
Clinicians in training are taught that asking a patient directly about suicidal thoughts does not plant the idea; a review of the research by Dazzi and colleagues (2014) found no evidence that asking increases suicidal ideation.
Power between cofounders works similarly. Once a power dynamic has been named, the two founders can negotiate it, check in on it, and make explicit agreements about it.
So before you sit down together, ask yourself which way you lean. When a decision stalls, do you take over, or do you defer and go quiet? What did you each expect cofounder status to mean when you started, and did either of you ever say it aloud?
Then open the conversation by describing your own move rather than your cofounder’s. If you have been taking the wheel, say so, name the specific behaviors that concern you about the business, and ask how you may be contributing to the problem.
If you have been underwater, tell your cofounder you are struggling. In my experience, that disclosure often brings a willingness to invest in your development, because a cofounder’s knowledge of the company is difficult to replace.
From there, change how decisions get made. Write down who owns which calls, and agree on what being consulted means as distinct from being informed. Decide before the next deadlock how a tie on a cofounder-level decision will be broken, whether by the CEO, by the larger shareholder, or by bringing in a cofounder coach or mediator, and put it in your cofounder agreement.
Expect to revisit the arrangement as the company grows and as your lives change. Part of that work is grieving the partner you imagined at the outset, so you can build a structure around the one you have, ideally while the two of you still like each other.
References
Dazzi, T., Gribble, R., Wessely, S., & Fear, N. T. (2014). Does asking about suicide and related behaviours induce suicidal ideation? What is the evidence? Psychological Medicine, 44(16), 3361–3363. https://doi.org/10.1017/S0033291714001299
French, J. R. P., Jr., & Raven, B. (1959). The bases of social power. In D. Cartwright (Ed.), Studies in social power (pp. 150–167). University of Michigan, Institute for Social Research.
Hellmann, T., & Wasserman, N. (2011). The first deal: The division of founder equity in new ventures (NBER Working Paper No. 16922). National Bureau of Economic Research.
