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I would have to say that finding the rught cofounder is the biggest challenge. I worked with friends of mine for 2 years and things fell apart. So choose your c
by boniface316 11y ago
I would have to say that finding the rught cofounder is the biggest challenge. I worked with friends of mine for 2 years and things fell apart. So choose your cofounders wisely.
Also keep everything very clear between the two. Document everything. My new co-founder is an awesome dude. Since day 1 our chemistry was great, however I got him to sign all the documents just in case.
Here is how things worked with my current co-founder. He wanted to help me build the product I was working on cause it was his passion. He gave me a hand. We didnt think of each other as partners. We just enjoyed working together. He got excited when his proof of concept was well recieved by customers. Then he started to committ take less shifts at work to committ to the project. He acted as my co-founder without even me asking him. Then we agreed to start a business and became co-founders.
Great guy! I love working with him! But to this day, I get everything in document so he knows everything is crystal clear.
- auganov 11y agoEveryone make sure you follow the advice on documenting everything. Never feel ashamed about asking people to help you with that. It's ridiculous how much trouble and angry/crazy/malicious person can cause you. And when that happens, suddenly every record and document you have will be invaluable.
- boniface316 11y agoTrue story happened to my friend. His partner walked away, he kept working on his business. Then his partner came back and took piece of the business. He won, but all the headache he had to go through!