Did you incorporate? If so, how is ownership currently structured?
You might be able to strike a buyout deal for something other than cash immediately. I'd be really careful about doing this though as it might impact your future chances of fundraising.
I'm not an expert on this sort of thing, and since you mentioned your savings are running out you probably cannot afford to talk to someone who is, but my guess is you're stuck with him. Assuming you are, how can you make the best of it?
If he admits that he's not that good at sales, he's already taken the first step to getting better. That's at least a good sign. Perhaps get him to attend some classes or seminars on salesmanship. Have him review the sales calls he has made and try to figure out where they went wrong.
If you can swing it, maybe even just hire a salesman. Assuming you can't get rid of your partner, you'd rather him do nothing than ruin relationships with potential clients.
You might be able to strike a buyout deal for something other than cash immediately. I'd be really careful about doing this though as it might impact your future chances of fundraising.
I'm not an expert on this sort of thing, and since you mentioned your savings are running out you probably cannot afford to talk to someone who is, but my guess is you're stuck with him. Assuming you are, how can you make the best of it?
If he admits that he's not that good at sales, he's already taken the first step to getting better. That's at least a good sign. Perhaps get him to attend some classes or seminars on salesmanship. Have him review the sales calls he has made and try to figure out where they went wrong.
If you can swing it, maybe even just hire a salesman. Assuming you can't get rid of your partner, you'd rather him do nothing than ruin relationships with potential clients.