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I agree with most of the advice here. In addition, I'd suggest finding ways to vet people before you commit to a "full" cofounder role. Some ways that work for
by dj-wonk 12y ago
I agree with most of the advice here. In addition, I'd suggest finding ways to vet people before you commit to a "full" cofounder role. Some ways that work for me:
* Write about the topics and projects that you want to work on
* Connect with people with similar interests
* Make time to do small trial projects
* Get outside your comfort zone
* Focus on building something and/or testing a business hypothesis
* Structure your collaborations with tangible deliverables
Once you find some starter projects -- assuming that you are starting off without external funding -- I highly suggest using a dynamic equity split based on time and resources contributed.
Give people a nice out (e.g. "thanks for helping test out that idea, sorry it didn't pan out like we hoped") if the project doesn't work well. Think of it like dating.