In today’s Startup Therapy Podcast, Wil and Ryan talk about cofounder breakup. Likened to marriage, having a cofounder requires commitment that comes with consequences when and if the Startup fails and coming up with an action plan when the business turns out to be a total flop.
Show Notes
In today’s Startup Therapy Podcast, Wil and Ryan talk about cofounder breakup. Likened to marriage, having a cofounder requires commitment that comes with consequences when and if the Startup fails and coming up with an action plan when the business turns out to be a total flop.
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Resources:
What to Listen For
- 00:00 Intro
- 00:33 Cofounders often don’t last
- 02:07 Cofounders should talk about what to do when things doesn’t work out
- 05:36 We make a binding contract with someone when the Startup longevity is uncertain
- 06:57 Founders don’t consider what to do if and when cofounders leave
- 09:16 Making a commitment at a time we know least about the outcome
- 14:24 Assumptions you’re making about your cofounder
- 21:10 Be prepared to deal with fundamentally different decision making
- 25:48 Plan for divorce but hope for a successful marriage
- 26:54 Start with a vesting agreement
- 31:33 Sign a commitment that when not met has consequences
What is Startup Therapy?
The "No BS" version of how startups are really built, taught by actual startup Founders who have lived through all of it. Hosts Wil Schroter and Ryan Rutan talk candidly about the intense struggles Founders face both personally and professionally as they try to turn their idea into something that will change the world.