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If you think it's hard now, just wait until you start the business, it becomes mildly successful, and now you want to bring in someone as a co-founder to help y
by ScottWhigham 18y ago
If you think it's hard now, just wait until you start the business, it becomes mildly successful, and now you want to bring in someone as a co-founder to help you grow - it's twice as hard then. I'm going through that right now and it's tough.
I don't think cofounders need be friends before starting - I think that like-minded people hang around each other so, if you're in an area like the Valley, there are more people of your mindset and you'll find it easier to co-found with a friend. I think co-founding is tough and there are no easy ways of doing it.
- ecommercematt 18y agoA post-founding co-founder?
- sachinag 18y agoWe just got one. Co-founder isn't about the title, it's about the state of mind. Our company started with having a local dev firm doing initial coding, then we got him to do some work on the site on nights. Then he decided he really wanted to give it a shot, and I welcomed him with open arms. He gets a ton of equity and is a co-founder in my mind: there are no secrets, no employer/employee relationship. Yes, I spent a ton of my own cash to get the business off the ground, but it only has a chance at success with a full-time partner. So he's a co-founder in my mind, and publicly.
- bluelu 18y agoHow do you define tons of equity? 40%? 30%?