In today's Startup Therapy Podcast, Wil and Ryan discuss the idea of having a co-founder. A co-founder can offer numerous benefits for a business. It allows for shared responsibilities, diverse skill sets, and a support system during challenging times. However, finding the right co-founder whose values align with yours and who complements your strengths and weaknesses is crucial for a successful partnership. In this episode, let’s find out how you can choose the right co-founder for your startup and know if you really do need one.
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Resources:
- 00:00 Intro
- 00:36 Is it a good idea to get a co-founder?
- 02:48 Different categories to consider when picking a co-founder
- 05:01 ‘Who’s willing to do this?’
- 07:30 The criteria that founders set for choosing their co-founder
- 09:29 When you DON’T need a co-founder
- 10:32 It’s an expensive bet
- 11:40 Try before you buy
- 16:50 Everybody wants the upside, nobody wants the downside
- 21:23 Find someone committed and willing to outwork you
- 27:03 Are your co-founders valuable?
- 29:27 Getting involved with someone in the long term is hard
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.