Our expert says:
You have a job, firstly, and that's more than many good people can find. Working hard can lead to promotion and other benefits, at the discretion of the owner and head of the company, and depending on any other rewards that may have been included in the terms of your employment contract.
You say the two of you never discussed you having any form of shared ownership in the company, so it would be unwise to assume that you have any right to expect this.
The boss has chosen to go into partnership, in the new venture, with a wealthy and experienced friend, who can contribute money and experience, both of which are valuable for any business.
It doesn't sound unfair for them not to have offered you a partnership, as this usually would emply bringing money into the business, and if as you say you have only recently started work, you don't bring long experience.
You are, frankly, being unrealistic, especially as you seem to have expected such an offwer to have been made without you actually revealing your wishes or hopes. Talk frankly and pleasantly with your boss and his partner, and see if there is anything they can suggest. If they don't need or want you as a partner, that's their prerogative.
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