Passwords/logins are relatively straightforward to share but how do you share an account that requires a phone number? Both of us can't have the same phone number and even mapping it to an "office/2FA dongle" phone is a bit inconvenient.
The issue isn't so much trust as it is about transparency and survivability (i.e. if something happens to one person, the other founders can still have access).
This doesn't work everywhere but my experience is Twilio numbers pass verification ~80% of the time for the set of services I use them on.