Trouble with co-founder
So, this early on in the game, what can someone is my position do? We have not incorporated or issued equity, etc. at this point.
So, this early on in the game, what can someone is my position do? We have not incorporated or issued equity, etc. at this point.
It is a whole different thing if you and him are on a differen page about what is considered good work and bad work. But if you are on the same page and you both trust he can catch up, I'd give it a serious thought given you state that he has a good heart and is hard working(you'd be amazed how many highly skilled people are neither; it's hard to get everything in one person from the outset).
The code will have to be modified in all likelihood, and the whole business may have to pivot. While it would be ideal to find someone who makes you a millionaire on the first attempt, it's probably more practical to find someone who will keep chopping at the plan until they get something that has a chance.
The first version of the business plan gives you a document to critique and improve. It is perhaps overly optimistic to expect it to withstand contact with reality.
Good luck.
One of the best ways to confront it is not by "being open and honest", but by challenging it like an investor would. Imagine you're pitching it to Mark Cuban or PG; how would he challenge it, what questions would he ask, etc. Ask those to your partner, and see how capable he is of navigating that.
If you cannot, talk about it with your co-founder, and if you can't find satisfactory answers, consider splitting.
How you handle this will test your character. I know some people who are terrible at confrontation, but some of the best entrepreneurs and business people that I know are professional and just get it done - keeping it to strictly business and not making it personal.