I think this article is right on target! I've been looking for great co-founders for a little while now, and everybody seems to be involved in their own things and do not want to "join forces". BTW, I'm still looking, if you're interested! :)
5. Potential Co founders are competitors
This article is very informative. In fact, as someone looking for a co-founder, I have been mulling over this topic a lot myself. Thanks for sharing your views on this.
+1 for competitors are potential cofounders
It helps is there's some orthoganality. I.e., in our case we have distributors who are different countries. They market to an area that would be difficult for us to market to. That's marketing orthaganality.
Another is is you could find a cofounder that wants (or is uniquely qualified) to do an aspect that you do NOT want to do.
Barring orthoganality, it helps to have a strong prexisting relationship. That was the case with Microsoft, Apple, and HP, I think.
Sjandeep, potential co-founders are POTENTIAL-competitors
If by finding a co-founder you mean "partner" and helper during the "long tea time of the soul".. good luck. If you didn't found it together, they aren't a founder. They are a recruit with great stock options. There's nothing wrong with adding people to your team to do the lifting and work for lots of equity. But founder? That title is all the compensation you will have for the long nights and hell you put yourself and your families through (everyone else gets off before you do.. it's like being a captain on a ship).
If you do have a group of Founders, consider a "founders pool" for your precious founder stock. Instead of just incorporating and dividing the cheap stock, pool it, and vest it out over three years. If someone leaves, they only leave with what they have earned. If only one person stuck it out, then they should get more. Believe me, nothing is more bitter than being the last person standing and lots of people waiting for magic.
Great article. Keep em coming.
I seek co-founders or to become a co-founder or both. It's a give and take world, and better to have multiple irons on the dire.
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