How Startups Choose Co-founder

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Entrepreneurs need to choose the right partner, which is one of the most important and difficult decisions. Because a good idea alone is far from enough, and someone needs to be able to do it together. Entrepreneurs often want to have the same vision, complementary technologies, and mutual respect and appreciation from their partners. This kind of business partner that encounters in the pioneering way, can let oneself survive the rise and fall of the pioneering work safely.

How to find a partner in the process of entrepreneurship, the following suggestions may provide you with some help.

It's a good choice to start a business with a close friend, family member, or past colleague. We are more familiar with each other, and therefore, the Division of roles and responsibilities in the work will be relatively simple. You can communicate in a way that is open and effective, and that will maximize each other's role.

Jonathan Wegener and Benny Wong of the Timehop team are a good example. They met each other in the first year of Columbia, and then became good friends. During the postgraduate period, they chose different professional directions, but they still maintained close friendships with each other, and also collaborated on a number of small projects. Last year the two men formally founded the Timehop. The complementarity between the two is strong, coupled with seamless communication, their cooperation is quite pleasant.

Sharing ideas with other people in the circle and share some of your own plans may help you find like-minded partners.

Not everyone can find such a like-minded university friends to start a business together, if not what can be done? I remember a few years ago, I sent emails to my friends in the circle, trying to find a real estate venture with a friend who had both technology and 8201.html "> Product experience." And in this way I met matt--, my future partner and Nestio's product owner.

There are a lot of people responding to the needs of the circle, and you need to take the time to identify who is right for deeper collaboration.

After the first meeting with Matt, we soon became good friends, but after two years of familiar process, we decided to start a business together. In the meantime, Matt introduced me to his former colleague, Mike, and now we're all three starting a business together.

Finding a partner is not an overnight task, and finding a process takes time. Even so, it is unwise to rush to choose an unsuitable person to co-operate.

Yipit's CEO and co-founder, Vin Vacanti, has done some sharing on this topic with his own personal experience. He and the company's other founder Jim Moran need a skilled person to join their entrepreneurial team, in the search process, the two decided by the temporary role of VIN Technology founder, the entrepreneurial process is not because of the search for joint venture partners and interrupted.

In this way, they can work at any time, then put the design of the products to market, but also to the future may join the co-founder to prove that they have the ability to execute. Learning a new skill is a difficult task, but it does not need to be very professional, in-depth, and therefore not so terrible. "Becoming a company CTO is not an end, and designing a product that can be traded is the most important thing," Vin said. ”

People like to compare the process of finding a co-founder to a date. Because you spend a lot of time with your partner and you need to trust each other, it seems like the marriage is somewhat similar.