[blazespin]

"the 3 employees we have today respect him a lot"

This is a big red flag. Who hired those people? Why did you agree to hire them if you don't respect their judgement? Or is your co-founder also doing all the hiring as well as taking care of everything else?

Starting to sound like you should be asking yourself what you contribute.

[splintercell]

I am seeing this red flag here too. This is sounding a bit ridiculous. It seems to me if the other guy is the money guy and OP is the product guy, and the employees, board, logistics are all in the hand of the money guy, then he is doing precisely his job.

What does OP really want his cofounder to do, maybe its time he explains why is he an 'overrated' person.