Why Cofounders Often Don't Last
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
Audio is streamed directly from the publisher (media.transistor.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
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.
Sign up for the Startups Newsletter
https://www.startups.com/newsletter
Resources:
- Startup Therapy Podcast
- https://www.startups.com/begin
- Join our Network of Top Founders
- Send an email to [email protected]
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