Here is the background:
I've been with the company for 8 months now as an employee, and have seen the company go from being 3 people and a few contractors to almost 30. We've taken no outside funding; this is all organic growth.
Along the way I've seen things go in an interesting direction. At the beginning, the CEO would let people handle things, but since the start of this year, the CEO refuses to let anyone else handle the following things:
- contract negotiation
- supplier discussions
- client/customer acquisition
Basically, if it doesn't fall under the purview of a generic "engineer" or "developer", he doesn't want to let anyone else touch it. He has no background in business administration or anything; he's an engineer by passion and training.
Others at the company have seen it as well, and the stress is starting to take its toll on everyone, not just him.
He doesn't sleep for 3 days, and then when he passes out for 24 hours the entire company has a crisis because none of us have access to any company resources.
Customers aren't getting billed on time, contract negotiations that should take a day take weeks (stretching into months in one case), etc.
How do we go about rectifying this? None of us have equity; it's 100% owned by the CEO. We have offered to help, and he has ignored us because "my tax guy didn't strangle me last year and neither did my lawyer, don't worry about it." (And before you ask about the equity, we have been "awaiting agreements from the lawyer" for 4+ months on how the company gets split between everyone.)
Update: We're all unemployed. We delivered a letter of grievances, which included giving him a appropriate amount of time to "show signs of progress", and were told to leave and not come back once he was done reading the letter. Comments we have heard from clients and others include that he allegedly said 'I am very disappointed that they didn't point this out sooner', and 'I don't know what they expected working for a startup'.
In all, we're not happy with how it ended, however we are glad it's over. Thanks for the advice all!