Starting with the wrong partner
We assumed we shared the same goal and never discussed it. The split cost the company two years.
We had no partnership agreement. "We are friends, we will figure it out." Two years later we could discuss neither equity nor exit terms.
Key takeaways
Write the partnership agreement on day one
A clause written in good times protects the relationship in bad ones.
Say the goal out loud
If one wants to sell and the other to scale, learning that in year three is expensive.