My company currently has 3 founders, however, myself and another co-founder want to split the title of CEO. Is this a viable solution or are we just setting ourselves up for failure?<p>Some background on our situation:
I have lived with my co-founder for the past 2 years being roommates. I've also known him for over 5 years. We have very similar strengths and backgrounds, and share a common vision for our company. The decision ultimately came up to split the CEO title because no clear leader could be easily determined and we both have the skills required to be a good CEO (such as being able to easily speak with outside investors)<p>There have been several large companies with CO-CEOs, RIM, Motorola, SAP, etc...so we feel like it's not that uncommon.<p>I've read a lot of negative criticism on co-CEOs but I'm curious what the HN community thinks on the subject.
Stick two pieces of paper "CEO" and "CTO" in a hat, shuffle it around.<p>Get a coin, have your 3rd guy flip it. Head's you get the first paper, tails your partner gets the first paper.<p>Have your 3rd guy pick a paper from the hat.<p>Problem solved, now focus on the shit that actually matters.
By 3 founders, I take it you don't have any other employees. If your company only has 3 people in it, then I wouldn't be worrying about titles at this stage. Focus on getting your product up and out instead.
Make someone president and someone CEO and split up who has say in what area when you two disagree on something. Somebody needs a veto vote or it won't work and you won't be able to move forward.