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Co-founding as a techie

You can create apps and/or websites.
You are technically skilled.

People are constantly coming to you.

They count themselves rich.
They have a great app idea!
And you have to carry it out.

He or she will get people to use it.

You go into hiding for 3 months and come up with the great app.

Everything seems to be going well.
You've put in 3 months of work and you have confidence in it.

3 months after launch, the app has less than 300 installs and 0 revenue.

You are disappointed in your partner.
He would make sure that people use it.
But in the end he failed to deliver on what he promised.

He comes with excuses.
He's too busy.
He has a steady job and there is no personal pressure to make a profit from it.
He has children.
He doesn't have the right knowledge.
He's out of luck.
Continuous bad luck.
People don't see why this is such a good idea.
whatever.

That's frustrating!

You have invested 3 months of time, and you are both 50% owner.
You cannot transfer to another co-founder who can deliver what he or she promises.

How can you prevent this?

The best way is to find customers first. Community based? Then build the community first.

An idea is only of value if it has a sound financially stable foundation.

But for some ideas you need the product first.
Think of a photo editor, Google Maps, etc.

In that case, you make concrete agreements in the form of SMART goals.

Once the goals are not achieved, the collaboration is no longer maintained. Sole right and 100% ownership goes to the person who has kept the agreement. As soon as both have not kept the agreement, nothing is divided and new agreements are made. Once both have kept to the agreement, the distribution will be as intended.

Example SMART agreements:

I:
I make the app with these functionalities, minimally tested and working on the iPhone 12 Pro (list of functionalities). This will be available on the App Store & Play Store under my name as publisher no later than 3 months later.

Partner:
I'll make sure the app has at least 5000 users with a unique email address on 6 months later (if no accounts you can also consider #installations or #pageViews).

on April 15, 2022
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    Setting pre-made agreements (similar to your smart contracts) is a good way to go about this. Another way is to highlight ownership transfer based on performance. This might be a bit strict but would really push people to meet their goals.

    That being said, marketing and sales are incredibly hard, especially if there isn't a ton or pre-development validation done.

  2. 1

    Do you have any idea of pre-validating community-based ideas?

    -> Build community first @ social media (Twitter, IG, FB, TikTok, ...)
    -> ...?

  3. 1

    Business idea:

    A landing page for co-found contracts like this where people can request a contract based on SMART-goals.