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Good article, but leaves a few points open in my mind. The biggest issue that most people seem to be missing is control. When you have a 50/50 setup, you better
by ozataman 16y ago
Good article, but leaves a few points open in my mind. The biggest issue that most people seem to be missing is control. When you have a 50/50 setup, you better make sure that you are comfortable with all the decision-making dynamics that partnership structure will bring.
Consider when you have a technical and a semi or non-technical founder. Let's say the technical founder is the visionary for the product you are building, understands what the customer needs (which means he has some/good business savvy) and give direction to all engineering related activities - from technology stack selection to what features and how they will be built. He/she is the one who will take the lead in defining the product and its -hopefully- many iterations going forward. A quick high profile example that comes to mind is Mr. Zuckerberg - he did the programming and he continues to give direction to the product.
Now you also have the semi/non-technical founder, who is obviously there because he/she is talented, smart and will have large impact going forward in building customer relationships and contribute to higher level discussion on where the products should go. There is a good chance the company won't go anywhere without this guy either.
How would you now do the split? A 50/50 arrangement would mean both parties get the same say/leadership over where the company/technology needs to go. Is that right? This is not about money, as both parties will be in good shape as long as a reasonable arrangement is chosen. It is about what is fair/right/sensible regarding what the company is going to be about and how it is run.