Startup PE Fund Personnel Issues?

Curious to see everyone's input because I had this conversation recently.  VP I know began at a startup distressed PE firm earlier this year, his background in IB.  Fund started by 2 guys with no track record, one was a VP in PE (call him PE guy) and the other guy who started a manufacturing company and cashed out recently (call him money guy).  Was impressed by the value proposition/background of PE guy at first and deep(ish) pockets of the money guy, but things have been just the opposite.

Sounds like the money guy keeps overruling everything the PE guy and VP recommend, including pushing back on keeping regular investment meetings, important items to include in memos (removing almost all analysis and just having tables instead), retroactively changing memos after investments close, etc.  VP about to pull his hair out and quit immediately with nothing lined up - he was told he'd essentially have freedom to implement how he saw fit, build a new firm, make a bunch of $$, but keeps being overruled by money guy with no background in finance.  Money guy apparently getting worse (as you can imagine fundraising not going as planned when you put the guy in front of LPs!) and constantly asking if the VP is stupid or doesn't know how to listen.

VP asked me if he should just cut his losses and figure it out.  I say he should, because life's too short and doesn't seem like the platform is going anywhere, but curious to hear how everyone else might react?