TheRodinhoods

What are the most important things to consider while choosing co-founders for a startup?

Finding a co-founder is pretty much like finding a spouse… at least in the sense of the seriousness and the thought that will go into the decision making. And despite all the precaution and thought, there is no guarantee that things will work out well. You can only hope, and give it your best, assuming that the other person gives his/her best too.  

Accepting someone as a co-founder is probably going to be one of the most important decisions in your entrepreneurial journey, and often in your life journey too

A co-founder is NOT just another co-worker. Even if the share-holding is not equal among the founders, a co-founder is going to be an equal partner in the decision making, strategy planning, dealing with the challenges, carrying the load, putting a 100% into the venture, etc. The success or failure of a venture can often depend on the quality of the relationship between the co-founders.  

I suggest two major points to ponder on, when accepting someone as a co-founder:

 

On the functional front :

  

On the personal front :

 

Most importantly, do not accept anyone unless you think that he/she is a GOOD HUMAN BEING. Everything else is secondary. If you have heard negatives on ethics, value-system, social behavior, ideologies etc – RED FLAG yourself. Do not get tempted by professional performance.

 

Happy Co-Foundering !!

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Reads on the same topic: 

Mr & Mrs Co-Founder

How to choose a co-founder in a startup

How to choose your business partner

Partner Relationship Mngt

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