COMIC: Cofounders Keepers – Find a Suitable Partner or Go Solo?

From the comic www.entrepreneurfail.com
From the comic www.entrepreneurfail.com

“I can do it all myself.”
This is the declaration many new entrepreneurs make (myself included) as they decide to go solo. They often overlook the fact that cofounders can balance out their skills, help propel business and even provide investment.

Unfortunately, it is difficult to find a suitable cofounder! So it’s common for solopreneurs represent their ventures as ‘we’ and ‘my team’.  And why shouldn’t they? They are indeed the CEO, CFO, CMO, Developer, Assistant, and Gopher.  But there is a risk of spreading themselves too thin.  As I was working on a business idea, I was frustrated as I was pushing myself to learn things that were not my expertise. The hours, weeks and months wasted could have easily been avoided if I had found a cofounder who complemented my skills but still shared my vision from the get-go.  This is an #entrepreneurfail that is easy to fall into at the beginning of an entrepreneurial journey.

As an entrepreneur makes progress, taking the time and effort to find a cofounder or a team to supplement his/her skill-set will prove valuable. And as an added bonus, investors often prefer teams with varied skills to protect their investment.

So what should you do?
If you are truly ready to share the vision and responsibility of your baby, then start searching for a cofounder.  In addition to networking events, and your university’s alumni database, some great resources to find the perfect match include: CoFoundersLab and FounderDating.

Be ready for the tough conversations up front, as Harvard Business School professor Noam Wasserman suggests. He recommends discussing equity based on output not just an arbitrary fraction. It’s prudent to have the expectations set upfront. It’s one less thing you will have to juggle on your journey.

Did you decide to go solo or find a suitable partner? Tell us about your quest for a cofounder in the comments below?

(Are you a “wantrepreneur” or an entrepreneur? Take the test and get a free comic at www.entrepreneurfail.com)


 

42 COMMENTS

  1. Thanks for your beneficial post. Through the years, I have come to be able to understand that the symptoms of mesothelioma are caused by the build up associated fluid between your lining in the lung and the torso cavity. The condition may start in the chest region and get distributed to other areas of the body. Other symptoms of pleural mesothelioma cancer include losing weight, severe breathing in trouble, nausea, difficulty eating, and infection of the neck and face areas. It should be noted that some people with the disease will not experience virtually any serious signs or symptoms at all.

  2. After I initially commented I clicked the -Notify me when new feedback are added- checkbox and now each time a remark is added I get 4 emails with the same comment. Is there any method you’ll be able to take away me from that service? Thanks!

  3. Hey. Neat article. There is an issue with the site in chrome, and you may want to check this… The browser is the market chief and a large component of other people will omit your excellent writing because of this problem.

  4. 43525 458570Outstanding read, I just passed this onto a friend who was doing some research on that. And he actually bought me lunch since I discovered it for him smile So let me rephrase that: Thank you for lunch! 979432

  5. 637688 109717Its a shame you dont have a donate button! Id without a doubt donate to this brilliant blog! I suppose for now ill settle for book-marking and adding your RSS feed to my Google account. I look forward to fresh updates and will share this weblog with my Facebook group. Chat soon! 535324

  6. 444286 501159An interesting discussion is worth comment. I believe that you require to write far more on this matter, it might not be a taboo subject but typically individuals are not enough to speak on such topics. Towards the next. Cheers 220308

  7. 539569 516614 Youre so cool! I dont suppose Ive read anything like this before. So good to discover somebody with some original thoughts on this topic. realy thank you for starting this up. this web site is something that is needed on the internet, someone with a bit originality. valuable job for bringing something new towards the internet! 653074

  8. Hmm is anyone else encountering problems with the images on this blog loading?

    I’m trying to find out if its a problem on my end or if it’s the blog.
    Any suggestions would be greatly appreciated.

  9. Howdy! Quick question that’s totally off topic.
    Do you know how to make your site mobile friendly?
    My site looks weird when viewing from my apple iphone. I’m trying to find a template or plugin that might be able to resolve this problem.
    If you have any suggestions, please share.
    Thanks!

  10. Good – I should certainly say I’m impressed with your web site. I had no trouble navigating through all tabs as well as related info. The site ended up being truly simple to access. Nice job.

  11. Naturally I like your web-site, however you need to test the spelling on quite a few of your posts. Many of them are rife with spelling issues and I find it very bothersome to tell you. However I’ll certainly come again again!

  12. Excellent goods from you, man. I have understand your stuff previous to and you’re just too magnificent. I really like what you’ve acquired here, really like what you are saying and the way in which you say it. You make it enjoyable and you still take care of to keep it smart. I can’t wait to read far more from you. This is really a great website.

  13. This is very fascinating, You’re a very skilled blogger.
    I’ve joined your rss feed and look ahead to looking for extra of your
    fantastic post. Additionally, I have shared your web site in my social networks

  14. I’m impressed, I need to say. Actually not often do I encounter a weblog that’s both educative and entertaining, and let me let you know, you have hit the nail on the head. Your thought is excellent; the difficulty is something that not sufficient persons are speaking intelligently about. I’m very joyful that I stumbled across this in my seek for one thing regarding this.

  15. Hey! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no back up. Do you have any methods to protect against hackers?

  16. Oh my goodness! Amazing article dude! Thanks, However I am having
    problems with your RSS. I don’t understand the reason why I can’t subscribe to it.

    Is there anyone else getting similar RSS problems?
    Anyone that knows the answer can you kindly respond? Thanx!!

  17. If there is a friend in the horizon, the heart will fly; if there is hope in the heart, laughter will be refreshing; if there is a fate in life, dreams will last; if there is always a greeting, friendship will set sail.

  18. Time will always give you the answer, who is the one who really hurts you and who really cares about you; who is who you care about but who cares nothing about you. Some people are not worth cherishing too much, while others are worth cherishing

  19. 235044 205195Oh my goodness! an exceptional post dude. Thank you Nevertheless Im experiencing issue with ur rss . Do not know why Cannot register for it. Could there be any person acquiring identical rss difficulty? Anybody who knows kindly respond. Thnkx 502261

  20. hey there and thank you for your information – I have certainly
    picked up anything new from right here. I did however expertise several technical issues using this site,
    since I experienced to reload the web site a lot of times
    previous to I could get it to load correctly. I had been wondering if your web hosting is OK?
    Not that I am complaining, but sluggish loading instances times will
    often affect your placement in google and could damage your high-quality
    score if ads and marketing with Adwords. Well I’m adding this RSS to my
    email and could look out for a lot more of your respective exciting content.
    Make sure you update this again soon.

  21. Simply desire to say your article is as astonishing.
    The clearness in your post is simply nice and i could assume
    you are an expert on this subject. Fine with your permission let me to grab your feed to keep updated with forthcoming post.
    Thanks a million and please continue the gratifying work.

LEAVE A REPLY

Please enter your comment!
Please enter your name here