Hey everyone, I'm a senior in university and a cofounder of a company I started with two of my closest friends in early 2020. We've all known each other for around 8 years now and share a very tight knit friend group.

Our startup has made a decent amount of progress over the past year especially within the last few couple months. However, myself and my other friend have noticed a lack of effort being put in by our third friend. We've had multiple discussions about his lack of commitment, but no significant changes have been made thus far. Ever since early this summer, it seems that our company is no longer his number one priority due to a summer internship. For context, he also attends one of the highest ranking universities for Computer Science and has a very rigorous course-load.

Recently, we've been having internal discussions about going through a seed funding round, but are unsure if our third friend has the necessary motivation and passion to carry out his assigned tasks.

I'm very conflicted as how to proceed being that he is one of my closest friends. But at a certain point he may be detrimental to our progress. Any advice for what to do in this situation would be greatly appreciated!