"I quit later, as it became increasingly clear to me that this guy knew nothing about technology, didn't care, but also had a fragile ego where he had to present himself to the company as being in charge, even though he was the worst person for the role. To top it all off, it also dawned on me over time that we basically had an absentee CEO who was working only ~15 hours a week at most. Then when I quit I found out there was a third co-founder who owned a huge stake of the company and I did not even know existed."

This is so funny, because describes like the last four CEOs and companies I worked for :-) Is there an alternate reality I have yet to experience?

I've come to understand, talking to a friend who is also in the startup world, that there are some CEOs who run a "portfolio" of startups. It's pretty weird. I don't really understand why investors would put money in a company that only has a part-time CEO.