why so many cofounder relationships fail and what you need to do to find the right co-founder
Phil Morle – has seen many startups – and those that succeed usually have co-founders.
“The best advice I could give to a new startup founder is to find others to share the journey.” -Forbes Ludovic Huraux ceo shapr
- Cover your weaknesses
- Gain perspective
- Build together
- Mitigate risk
So how do you find the ideal co-founder ?
You don’t! They will find you !- says Phil
He shares his take on why so many cofounder relationships fail and what you need to do to find the right co-founder
These are some of his insights
Finding cofounders is so hard is because lots of people like the idea of building startups, but few people are capable of devoting the kind of effort that you are prepared to give to make a viable idea into a functioning, sustainable, scaled-out business. As a result, most cofounder relationships fail because of an uneven commitment to the venture.
If one founder believes another founder isn’t as committed, resentment will brew and ultimately rip apart the founding team’s relationship.
So what does your co-founder need to do to earn his/her stripes?
- work 24/7 just because they think your project is interesting
- Be as committed and passionate as you about the project
This is the gem 💎
“The right cofounder won’t need to be sold. All you’ll have to do is tell the person what you’re working on. The right cofounder is going to sell him or herself on the project and then start pushing you to let them work on it.”
So tell as many potential cofounders about your startup as possible, then be patient and wait for the right cofounder to chase you. It’s going to feel like a nearly impossible test for both of you, but, when you both pass it, you’ll have finally found a great cofounder.”
Some interesting links
https://www.google.com.au/amp/s/neilpatel.com/blog/finding-perfect-co-founder/%3famp
https://startupsavant.com/do-you-need-a-co-founder-for-your-startup
