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Cofounder Mode: My tactical guide to finding a cofounder

repromptai.com

31–40 of 82 posts

Re: Cofounder Mode: My tactical guide to finding a cofounder

#31

> Red flags to watch for > They want to work on this part-time > They want to quit their job but haven't set a date to do it > They're going to quit their job but only after the YC interview ...so this guy wants someone in SF to quit their job and work full time while unpaid? This method selects from the bottom of the pool, not from the top.

Got spooked by the exact quote you mentioned, but your conclusion is more precise. You're correct, this is a recipe for messing up your chances lmao.

Re: Cofounder Mode: My tactical guide to finding a cofounder

#33

> Red flags to watch for > They want to work on this part-time > They want to quit their job but haven't set a date to do it > They're going to quit their job but only after the YC interview ...so this guy wants someone in SF to quit their job and work full time while unpaid? This method selects from the bottom of the pool, not from the top.

Devils advocate: people in a position to work full time unpaid have probably enjoyed outsized success in their career to date

Re: Cofounder Mode: My tactical guide to finding a cofounder

#35

> Red flags to watch for > They want to work on this part-time > They want to quit their job but haven't set a date to do it > They're going to quit their job but only after the YC interview ...so this guy wants someone in SF to quit their job and work full time while unpaid? This method selects from the bottom of the pool, not from the top.

Isn't that the difference between a co-founder and an employee? I'm assuming that half of the company will belong to the new co-founder, of course.

Re: Cofounder Mode: My tactical guide to finding a cofounder

#36
post #27

Is this how you make a soulless throwaway "hope I get acqui-hired" type company? It doesn't sound like there is a lot of passion to make something great.

Yes, this process also filters out candidates who would refuse to go in such a hiring process.

I think the goals of having a good match are nevertheless important. Perhaps it is better to communicate these goals to your candidate co-founder and figure out together what the best approach is to verify them.

Re: Cofounder Mode: My tactical guide to finding a cofounder

#38
It's a guy with an idea that he doesn't know how to build, asking you to spend hours filling out a form then three days building something to see if you know how to build stuff. And you need to be unemployed and love the idea.

That should have taken unbounded time to find someone, not a mere 9 months.

Re: Cofounder Mode: My tactical guide to finding a cofounder

#39
post #26

The mindset of wasting 9 months going on dates instead of starting something is so foreign. Based on what this person was looking for (someone to build out his ideas) he would be better off trying to get funding and hiring someone. It was a job interview (50 question homework, 3 day hackathon trial) plus firm requirements and who has the final say is presented. We didn't hear about the different tests and requirement…

It's reportedly hard to get funding for ideas. Investors want to see a team that is strong enough to iterate through some ideas and pivots. It's not one perfect idea that becomes the product or the company. People actually are too focused on some magic initial milestone. They'll align it with the end of the funding, or the limit of their patience, or the limit of the patience of their support system. That's not how these things work. They're repeated marathons, not sprints. And being focused for nine months on finding a co-founder also seems like an oversized goal, that shouldn't take so much time. It's not uncommon to swap out key people later, including founder, painful as it may be.

Re: Cofounder Mode: My tactical guide to finding a cofounder

#40
I have to repost an earlier comment of mine (https://news.ycombinator.com/item?id=27752798) on this topic:

I have a tip on finding a cofounder. I've been looking for the last 12 months and I tried a lot of things, but the thing that worked best is this: Post a job ad.

That's it. My ad sounded like a normal job in every way, with a title like "Director of X". A couple of specific notes: 1) the first line said "cofounder" in it somewhere, and 2) it specified "part-time to full-time, heavy on equity compensation" somewhere else.

The result: Lots of inappropriate candidates applied. But also, my 2 job posts resulted in three extremely excellent team members: a equity-only cofounder, a mostly-equity cofounder/early hire, and an amazing advisor. I have been working with these folks for months and they are very solid.

I also recommend my vetting process: just like a job. That is, I did a phone screen, a multi-hour interview, a little take-home, and I winnowed down the candidates at each stage. With the chosen few, I kicked off a "let's do this" conversation. My pitch was, "I know it's ridiculous, but let's get business married, we'll set up an offsite and start working together full-time... and, if we really need to, we'll get an annulment". That's what vesting is for!

Hope that helps :)

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