The right co-founder can have an astronomical impact on whether your startup succeeds or fails.
Since it's the biggest determinant of your startup’s success — it makes sense to conduct significant due diligence before committing to a years-long partnership.
Here are the 13 questions I ask every potential partner. Hope this helps early-stage founders in their co-founder dating journey:
- What are your biggest strengths and weaknesses? How do you try to compensate for them?
- How would your co-workers describe what it’s like to work with you?
- How do you cope with stress? Depression? Are there any red flags I can help watch out for?
- In an ideal world, how many hours/week are you willing to work? What sounds good? What sounds like hell?
- What would you want your role to be before we reach product/market fit?
- How much money should we raise? (i.e. “zero” or “as much as we can”)… when do you think is the right time or cadence to bring in outside investment?
- What does an ideal company exit look like to you?
- Why do you want to start a company — and why right now?
- What is your personal runway? What is the minimum salary you need to survive or be comfortable?
- In every partnership, there are times when a partner might breed resentment if certain dissatisfactions don’t change over time. How would you deal with a situation like this?
- How would you think about bringing on a third (or N+1) cofounder? If yes, when would be the right time?
- What type of progress would you need to see to fully commit? Do you have a target timeline for when you need to observe this?
- Reference Checks: are there two people you’ve worked with that can speak on your potential as a founder?
Where can we learn more about early-stage founder lessons?
I'm active on Twitter and LinkedIn.
Here's Supademo, the startup I'm currently building.
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