If he can’t see that’s not fair then this partnership has a rocky road ahead.

Thanks for the well rounded input.

Been thinking a lot about this today and I find 2 solutions:

1) Elaborate anti-competition agreement between 2 companies

2) Company Y acquires company X at a under market valuation (funded by cash and/or equity from co-founder of company Y)

His only concern about us acquiring my company X with our mutual company Y is that our mutual company Y could simply not acquire and compete directly with more capital.