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Finding a techie cofounder off the street at the idea stage is next to impossible. Because if someone really has the entrepreneurial spirit they are already doi
by vaksel 18y ago
Finding a techie cofounder off the street at the idea stage is next to impossible. Because if someone really has the entrepreneurial spirit they are already doing their own startup.
You gotta hire. Then at the end of the project, if the guy works out, you can offer him cofounder role. As a "business guy" get ready to pretty much cover all the bills while the other guy codes, no matter if he is a hire or a cofounder. Better to hire and see how the guy works out before you start giving away equity.
- netsp 18y agoThe dollar bill & the economist.
- ckjohnston 18y agovaksel is right. I've seen recommendations on here before about different sites to find tech co-founders and seen the "go to tech meetups" advice. But the real problem is that the programmer you want probably already has his own pet projects. If you want a tech cofounder, you should pay him to develop a prototype. As a business co-founder you're probably not doing much in the early stages. You come with an idea, which is essentially worthless without the tech guy. So it's only fair that you pay him for the prototype. At that point, both of you will be more comfortable teaming up. Also, I would make sure you have the tech guy assign any and all IP ahead of time. You'll need this assignment if you want to raise money in the future.
- yrashk 18y ago"cofounder" and "first employee" are very different roles. Cofounder takes risks, participates in the whole company development, etc. What you're talking about is a first employee that is also paid with equity. And, by the way, there is a way to offer an equity right from the beginning — stock options that vest over time.