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Cofounders - how high a bar?
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Re: Cofounders - how high a bar?
#2[I submitted this anonymously because the person in question may very well read this site now or at some point in the future.]
In short: I have a potential co founder, which is something that everyone seems to say is good. The problem, though, is that I don't think this guy is perfect (he may well think the same of me), for various reasons. Ok, no one is perfect, but I know people that I think would be "about as good as you could get" (unfortunately they aren't available), and this guy doesn't measure up.
Better to strike out on my own, or throw in my lot with someone who's perhaps not the right person?
Re: Cofounders - how high a bar?
#3[I submitted this anonymously because the person in question may very well read this site now or at some point in the future.] In short: I have a potential co founder, which is something that everyone seems to say is good. The problem, though, is that I don't think this guy is perfect (he may well think the same of me), for various reasons. Ok, no one is perfect, but I know people that I think would be "about as good…
One of my sayings is "Perfection is Difficult" meaning that it is actually impossible. I wouldn't want to start up a company with someone I couldn't completely trust. Having different skill sets is actually a very good thing, but you need to really like the company of the person.
Re: Cofounders - how high a bar?
#4[I submitted this anonymously because the person in question may very well read this site now or at some point in the future.] In short: I have a potential co founder, which is something that everyone seems to say is good. The problem, though, is that I don't think this guy is perfect (he may well think the same of me), for various reasons. Ok, no one is perfect, but I know people that I think would be "about as good…
Great question. This reminded me of Joe Kraus's article on the subject. He makes a compelling case:
http://bnoopy.typepad.com/bnoopy/2004/09/hiring_no_false.html
Re: Cofounders - how high a bar?
#5Depends what you want him to do. Things can be learned and you can always use an extra hand. What you want ot worry about is "why is he getting into it?" In the "world is Flat" T.Friedman states P+CI. That is Passion + Curiosity Intelligence. Your startup and mine have less than 5% chance to succeed and yet we believe like no-one else that 5% is big enough to go thru this journey.We like the money, but if money is your first drive then you will eventually quit at some point when evrything says it is going to be over in One minute. At that point the co-founders who were in it for the money will walk out. The one who were in it for the passion and the challenge to learn and master the ultimate startup language ( not Technology, but "loyal and satisified Users") )will get 2gether and ask themselves " How the F&$ we got into this mess and how the F%^$ can we clean it up now, make it look good and have more users?
Re: Cofounders - how high a bar?
#6"Better to strike out on my own"
are you planning to steal his ideas, or any part of them?
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update: thanks for clarifying that you wont! ----------------
My 2 cents:
WAKE UP!
He is doing the best he knows to do - pitch to VCs and raise funds.
You are doing the best you know to do - build a prototype and bootstrap.
Both are valid paths.
In fact, a former advisor - I say former because he was your cofounder's type. He had "no skin in the game" but kept forcing me for months, to abandon work on the prototype and pitch the idea and raise funds. But it worked for him - he sold a company in China to Disney.
Truth is relative - at least in this area.
However, when you say your cofounder is not up to par, "does not measure up" - even though he came up with the idea, to me that is not very respectful. You dont really value him. I can see a big fight looming ahead. Several months down the road, you will want to spend 90% time bootstrapping; while he will want you both to be pitching to investors instead. Unless - you do both.
Re: Cofounders - how high a bar?
#7I am sure this is just one way but from all the times I remember having a great experience working with someone else, it just happened without me analyzing beforehand bullet by bullet how good the guy is. And I do have couple instances where the paper analysis of the guy was great but once we started work it wasn't so great.
My experience is that if you aren't deep into a stage where you HAVE to give away a cofounder title, just start working with the guy! When we associate the cofounder title it carries the stereotypical image of a cofounder which makes us double guess if this guy is "co founder material"--but there is no such thing as "cofounder material."
All you have are people passionate and skillful enough to help you start and execute your venture and people that aren't. Before thinking of someone as a "cofounder" think if he can practically help you with a skill you need that you yourself lack or aren't best at.
Re: Cofounders - how high a bar?
#8I am sure this is just one way but from all the times I remember having a great experience working with someone else, it just happened without me analyzing beforehand bullet by bullet how good the guy is. And I do have couple instances where the paper analysis of the guy was great but once we started work it wasn't so great. My experience is that if you aren't deep into a stage where you HAVE to give away a cofounder…
To answer a few questions:
One of my issues with this person is that while I do like his company, and respect him in a lot of ways, we think differently about how to move things forward. I'm much more of a "below the radar, live cheap and get something working" guy, whereas he's more along the lines of "VC funding or bust", without even having much of a prototype. That just sounds bad to me. Though I recognize that funding at a later stage in the game would certainly help, I think we'll have a better bargaining position if we have something that sort of works in hand.
That's another thing... I believe more in having mostly technical people. Different skill sets can certainly be a good thing (the Paypal story in Founders at Work was a good example), but it's also a good way to start thinking "hrm... I'm building the code... what is that other guy actually doing?"
Juwo: I'm not planning on stealing the idea or anything like that. I have plenty of ideas of my own. The one he's hatched up is pretty good, but it's not going anywhere in terms of code or a web site or stuff like that. Just paperwork for investors...
Re: Cofounders - how high a bar?
#9I am sure this is just one way but from all the times I remember having a great experience working with someone else, it just happened without me analyzing beforehand bullet by bullet how good the guy is. And I do have couple instances where the paper analysis of the guy was great but once we started work it wasn't so great. My experience is that if you aren't deep into a stage where you HAVE to give away a cofounder…
To answer a few questions: One of my issues with this person is that while I do like his company, and respect him in a lot of ways, we think differently about how to move things forward. I'm much more of a "below the radar, live cheap and get something working" guy, whereas he's more along the lines of "VC funding or bust", without even having much of a prototype. That just sounds bad to me. Though I recognize that f…
I know several first time entrepreneurs from several years ago that "tested" waters in initial stages trying to raise VC money. And it's damn hard! So unless this guy has some inside connections and has been there, done that--I'd personally say it is not only a bad idea but potentially a huge waste of time--same thought I'm sure you must be having.
If you can get going without any funding(which it appears you can) START. Yet if this guy insists on getting funding before ANYTHING else, he might just be an excuser or nonbeliever hoping the funding will validate his idea. Both bad things in a cofounder of a company that isn't even in development yet.
I'll leave some room because obviously you know more than I do about this specific guy and your situation. But if I had a cofounder who INSISTED on raising VC, he would have to be DAMN GOOD seller for me to buy into it--and chances are, we would still part ways as far as working together on that specific venture.
Re: Cofounders - how high a bar?
#10[I submitted this anonymously because the person in question may very well read this site now or at some point in the future.] In short: I have a potential co founder, which is something that everyone seems to say is good. The problem, though, is that I don't think this guy is perfect (he may well think the same of me), for various reasons. Ok, no one is perfect, but I know people that I think would be "about as good…
tough call, but this is a make or break decision for your company, if your gut says this person is not a near perfect fit, I would suggest passing.