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I Resent My Cofounder

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Re: I Resent My Cofounder

#21
post #18

Earlier quoted context omitted.

You're right, I've thought about this a lot. I work a lot because I like it, but also because we're not in the black yet. If we were, I'd probably relax at least a bit, but I've already experienced a time when the clock ran out and the money dried up. I'm doing everything in my power to prevent it this time. I do like your idea about getting an independent party, but we're not in the same region so our mutual acquain…

Coming from a similar background. I am that guy who thinks about my start-up 24x7, more than my other 2 founders. I've also worked along my cofounder at my last company where not all went well so some of those feelings carry over(and I have to be mindful of it!). Also, I've realized that I also have crazy downtimes or crashes that are bigger than them. In those times, I appreciate the stability and the calm in the ot…

Also, I've realized that I also have crazy downtimes or crashes that are bigger than them. In those times, I appreciate the stability and the calm in the other founders. So I'd challenge you to make a list of positive characteristics in your partner that aren't necessarily in you.

I could not agree more with this. As someone who functions at 100% or nothing, it is unbelievably helpful to have someone who is more stable. When I am going there is no stopping, pretty much everything is put aside whether it be eating, sleeping, exercise, seeing friends or anything else. But when all that stuff that I put aside finally catches up to me and I need some time to recharge, I am so glad to have people around me who are stable and able to keep things going. I think having people who bring both enthusiasm and stability is really important. When crunch time comes it's great to have people willing to lay it all out there to get what needs to be done regardless of what that entails, but at the same time having people who you know will be steady and reliable is really important because a company without consistency is normally destined to fail.

Re: I Resent My Cofounder

#22
It is par for the course that not everybody puts in an exactly equal amount of time. Have you agreed upfront that you both were going to work exactly the same hours? Have you agreed on a specific number of hours? 70% of 60 to 70 hours is still pretty good, it's not like she's doing nothing.

I've been in your situation and it took me a while to realize that not everybody is like me. It could very well be that you spend a lot of time but achieve little and that they spend relatively little time but achieve lots.

Step back for a bit and try to objectively judge not the hours you put in but the amount of output you generate and whether or not this is more or less than what you agreed upon at the outset.

What you definitely need to do is to establish what exactly it is that you're expecting of each other.

Re: I Resent My Cofounder

#23

It is par for the course that not everybody puts in an exactly equal amount of time. Have you agreed upfront that you both were going to work exactly the same hours? Have you agreed on a specific number of hours? 70% of 60 to 70 hours is still pretty good, it's not like she's doing nothing. I've been in your situation and it took me a while to realize that not everybody is like me . It could very well be that you spe…

Thanks for the comment. It's good to know that others have been in my place.

I'm pondering your thoughts before replying fully, but I did want to say that I had the same thoughts on output, so I've been measuring it for the past several months. Subjective I'm sure, but I'm shipping 5-10x more code, judging by our repo, and on top of that I'm managing the bizdev side 100%.

When I say it like that, it actually sound like our business is one-sided, but it isn't. Maybe I should find some way to measure value qualitatively.

Re: I Resent My Cofounder

#25
I would really stress the importance of having an open one-on-one conversation with her and resolve these issues. Seems like you already tried that and it turned into a heated discussion, here is some advice on how to approach it.

1. Have the conversation in a public place where professionals meet. For example, coffee shops. If you in the bay area, it would be best to have it in coffee shops known for startup discussions, such as Coupa Coffee in Palo Alto. Just choosing the right place for the conversation will make sure that the discussion does not go out of hand. 2. Come to the discussion with an open frame of mind. There may be some issues that she is feeling - you should be willing to listen. 3. Alert her in advance about the general topic you want to talk about. So that she is not surprised and is mentally prepared. 4. During the discussion, make sure to lay out specific behaviors/situations/examples that you find objectionable, and listen to what she has to say. Again, be open - perhaps there is another piece of the puzzle here that you have thought about fully, and she explains it to you. Example: "I put in 60-70 hours per week" is a very general statement. A specific statement would be "Last week, we launched feature F. I did X, Y, Z tasks over night to make the launch successful. However, you contribution over that week was only implementing a simple bug fix B. I would like to listen to you to know how can I help you contribute more to the project." 5. You may have some counterpoints to the arguments she makes. Be specific and encourage her to be specific. Hopefully after some time you'll sort it out amicably and you both have a good understanding of how each other works. 6. Contrary to what others have said, I would not bring a third-party to the discussion. You need to own resolving this problem. Getting third-party involved too quickly can be detrimental - they don't know the situation as much as both of you do. Most problems like these can be solved by honest and open communication.

Good luck!

Re: I Resent My Cofounder

#26
Have you asked her whether she is truly happy either? Maybe she just needs an out too but because of the time she has vested, can't bring herself to do it either...but instead her passion and engagement has waned?

Re: I Resent My Cofounder

#27
post #6

It sounds like your under resourced... Years for achieving your goals? Time to rethink your entire organisational route.

We're not yet funded. I basically funded our business with my savings and a little client work. We're looking for a seed round on top of all this, with me doing most of the hunting.

Financially speaking this is your baby, but it sounds like you never set out what the ownership / responsibility split would be from the beginning. This is your biggest problem, and is what is causing you to resent the arrangement, not necessarily the person. I'm not sure if your startup is making money yet (you mention salary) but I'm guessing it's 50/50 all the way.

Someone here has suggested talking to a lawyer, but that's a big step for friends especially as this is the start.

Another suggested getting in a third party. This is a good start, and you should offer some small equity in the process. Firstly that allows you to renegotiate your share, secondly, it changes the power balance, and thirdly (and perhaps more strategically so keep this as the ace hand) you can plant the seed of walking. This last point is very important because it communicates that you are prepared to take a project that you appear to have built, elsewhere, and that they will end up having to do everything if they want to continue as competitor.

Re: I Resent My Cofounder

#28
Remember that the marginal utility of dollars and success decreases. That means your first priority is to make the start up work, as the downside is failure and possibly having to take a job. With this in mind, think about whether any unfairness is actually worth jeopardizing the chance of success. Once you have enough money, and +/- a million means much less. The only question is whether your partner is essential to the company. Instead of directly fighting with salary and equity cuts, have a candid conversation about her goals and expectations. Understand her point of view. And maybe her balanced lifestyle is actually better in the long run.

Re: I Resent My Cofounder

#29

What is the state of the business? Profitable, barely profitable, zombie or nothing?

The product is still catching up to consulting revenue, but in the red by about 50% without consulting after salaries. Have a runway of about 4-5 months.

The reason for the salaries is that we both quit our jobs to do this full-time and have families to support.

Re: I Resent My Cofounder

#30
60% of 60 hours would still be pretty much full time.

You have a salary???? You have money??? Both unknowns to me.

Maybe cut both your salaries and employ some more people, that can help put more of your ideas into action.

You need to work less hours yourself. Delegate more. Spend some time on a hobby / interest / go to the cinema / anything.

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