He, lets call him Mr X. Created a software product which got quite popular and started making money, so he decided to start a company with this guy (Tor). Tor isn't a computer engineer, he is just an entrepeneur who like making companies or something. Anyway, they recieve some money from the norwegian governement through something called Innovation Norway. They both keep working in the company, but in separate offices, so none of them knew what the other was doing. Mr X keeps coding on the product, and Tor does something else (Mr X isn't really sure what). After some time, Mr X checks the bank account and notices that almost all the money they recieved from the Innovation Norway is gone. Thats when he makes the statement "give me 30 per cent of the companies cash", because he wanted out. Mr X had done all the work, Tor handled finances, Mr X realizes he can't trust Tor, so he wants his share and leave.
Long time since I've heard the story (happened like 4-5 years ago), so probably don't got all the details.
Just had to post this since Mr X wouldn't.
TL;DR
- Co-founder (Mr X) created a product
- Starts company with this guy
- Mr X does the product dev. This guy does the business part (I assume this also include finances)
- This guy takes money
- Mr X found out, and wants to bail with half the money left
Just to be fair.
[0] Do 'conscious' cognitive biases exist?
Yes, and apparently studies have shown that, counterintuitively, being aware of a cognitive bias only strengthens it.
2) Mr X and Tor failed to set proper expectations for what they would be doing
3) neither of them opened up a channel of discussion when things were not going as they expected
A good lesson.
There are cases where what Mr. X did would have been justifiable.
Either the OP was being very deceitful, or your friend Mr. X did a very poor job communicating his position.