For over two years, we at potis.ai have been helping funders expand their team. And regularly founders come to me with the question, "How to find a cofounder". Last week I had another conversation on this topic and I decided to write down why a cofounder is often a bad idea.
Here's why. A story in three parts
Part 1: "I definitely need a co-founder" at least because doing something together is cool and results come faster
Part 2: The other side – hidden conflicts
Part 3: At one point, everything breaks down
Let's say you and your co-founder are 50/50 partners (the same applies to 40/60 or 30/70). The moment comes to make a joint decision about:
The red flag for disagreements is raised. A hard decision deadlock will soon follow. The business risks "freezing" until the issue is resolved.
Conclusion
The only solution is a shared understanding of acceptable losses.
Imagine family life. A husband and wife occasionally conflict, but they both know that the family is their value and responsibility. They could separate, but their shared worldview, plans, and feelings bind them together every time. They find a compromise because the family is their absolute joint goal, and its destruction is an unacceptable outcome.
Now, think about your co-founder—do you really have the same view of unacceptable outcomes? Or could they just leave and move on to another project?
In the end, the choice is yours. And it's a tough one because you need to find someone with similar values and the same view on unacceptable consequences.
If you find "your" co-founder, you are lucky and probably won the lottery!
I'm genuinely happy for you and would love to hear your story of meeting and working together.