Where to find a co-founder?
7 comments
- Where can you find a good co-founder ? Best if it is someone you have known for a while. If not meet ups and places where people with common interests gather.
- What share would you offer him (already working 2 years on the project already and invested money in it etc.)? It depends on what type of skills they bring to the table. A vesting schedule is best so that over time they are compensated, but if they walk away a few months into it you aren't screwed.
- How would you organize it legally ? Depends on how your projects are organized. LLC or C Corp managing the other entities probably works, but there are a lot of variables and this is where a lawyer would come in.
- Would you meet him in person first ? ABSOLUTELY! This is basically a marriage...you don't want to start that on a blind date.
- Are there other things you should be careful for ? Be careful of over committing equity and not knowing the person well enough.
Another useful thing might be to read this article by Mark Suster: http://www.bothsidesofthetable.com/2011/05/09/the-co-founder...
- What share would you offer him (already working 2 years on the project already and invested money in it etc.)? It depends on what type of skills they bring to the table. A vesting schedule is best so that over time they are compensated, but if they walk away a few months into it you aren't screwed.
- How would you organize it legally ? Depends on how your projects are organized. LLC or C Corp managing the other entities probably works, but there are a lot of variables and this is where a lawyer would come in.
- Would you meet him in person first ? ABSOLUTELY! This is basically a marriage...you don't want to start that on a blind date.
- Are there other things you should be careful for ? Be careful of over committing equity and not knowing the person well enough.
Another useful thing might be to read this article by Mark Suster: http://www.bothsidesofthetable.com/2011/05/09/the-co-founder...
I've recently met a few people on beta.meeet.co
It's definitely "beta". :) But it seems to have attracted a pretty good group of people. The idea is the post projects you are working on and then other people can "like" or "apply" to the project. I have a couple projects on there "sososwift" and "nualt" if you're interested. hahah.
It's definitely "beta". :) But it seems to have attracted a pretty good group of people. The idea is the post projects you are working on and then other people can "like" or "apply" to the project. I have a couple projects on there "sososwift" and "nualt" if you're interested. hahah.
Hi!
I think that the best way to find a partner or co-founder is to talk about it with everyone you know!
most chances one of the people you bring it up with will have the perfect person to recommend. Then, go on a few "dates" with the person to check the chemistry.
Finally, the legal issue: there are many templates online, find one you like and edit it to match your needs.
Good luck!
Good luck!
Recent thread:
https://news.ycombinator.com/item?id=8096461
The main question for me is - what exactly should your co-founder do? which skills / knowledge required?
Have you tried coFounderLabs.com? They also have meetups in many cities.
I am running a few projects for 2 years now. Now it becomes just too much one man can handle! And off course if you have 2 persons working on it things go faster (or should be). The problem is that I'm having a hard time finding a partner (in my near environment)! Also I'm not able to pay him, but rather give him/her a piece of the cake (there is revenue, but nothing you can live from yet).
So questions are:
- Where can you find a good co-founder ?
- What share would you offer him (already working 2 years on the project already and invested money in it etc.)?
- How would you organize it legally ?
- Would you meet him in person first ?
- Are there other things you should be careful for ?
Hope this can be an interesting discussing where we can learn from :-)