I have an offer on a table to join this really exciting venture at 50/50 split as a tech co-founder but the original founder insists on issuing me non-voting shares. He worries that he will loose control of the company when we bring in the investors. He wants to maintain at least 51% of voting power after we raise Series A to have an upper hand over investors. Of course we can write protective clauses to bring back the voting power of my shares at the time of sale or Series B but is this enough to cover my butt?
Do I really care about voting power having complete control over the technical aspect of the product until we exit? Is this a healthy engagement, and what should I be worried about?