Two other founders and I are planning to start an S-class tech firm. All of us have a government background and are new to the process: one founder is the notional CFO and has thus far handled the business planning and the incorporation; another is the notional CTO and has been doing the lion's share of the back-end coding; I'm the notional COO and have had a hand in managing both of these and have also focused on the front-end.
We are trying to decide on firming up responsibilities and equity allocations; we have tentatively agreed to a 1/3, 1/3, 1/3 distribution of equity and responsibilities.
Is there a precedent for this kind of division, given that we are essentially establishing co-CEO-ship among the founders? Are there obvious responsibilities that will (or should) accrue to any of us given our positions thus far?