Episode description
Episode description
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:
Check in with us on LinkedIn | Wil Schroter | Ryan Rutan
What to Listen For
- 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