So I started building this company back in January, completely on my own. I knew there would be a lot of work to be done, so just recently I told a PHP buddy about the site. He got really excited about it and I liked his energy so I brought him on board as a co-founder. Nothing official, no documents were signed or anything.
Well, it's been about a month now, he has yet to contribute anything. He just recently got PHP installed on his local machine. He lives in a different state, by the way, so its tough for me to communicate my vision to him for the site. Because we can't freely communicate, he can't really feed off of my energy, if that makes any sense. In the back of my mind, I know I need to drop him, preferably sooner than later.
My question is, what kinds of issues is this going to cause? I have this co-founder who is super pumped to be part of this startup, yet, he hasn't been very useful. We haven't discussed who owns what % of the company or anything like that. But he is under the impression that he is a founder, and that could come back to haunt me. How can I deal with this?