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Please stop asking how to find a technical co-founder.

humbledmba.com

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Re: Please stop asking how to find a technical co-founder.

#81

I'd like to give an alternate perspective to the Business Guy vs. Technical Guy dichotomy. What about your UX Guy? (apologies for the gender-specific wording; both women and men are "Guys" in my post, here) The UX Guy the one that takes Business Guy's wacky ideas and hones them down to a limited feature set that people can actually understand. He helps the Technical Guy map out the user flows, often deals with the te…

I think product visionary falls under "UX guy". The name "product visionary" by definition means he has an excellent grasp of user-oriented design and focus.

I've heard far too many Business Guys call themselves "visionaries" when in fact what they mean is "idea guys."

Re: Please stop asking how to find a technical co-founder.

#82
I've already had my fill of "idea guys". Somehow, almost every one seems to think that merely coming up with a cool idea while drunk one night automatically entitles them to 50% of the profits (after YOU build and ship it).

A successful startup requires all aspects of a business:

- leadership

- sales

- marketing

- market research

- competitor research

- product research

- product development

- product shipping & deployment

- contacts in key areas related to your business

- strategic planning

- financial management

- employee management

- investor management

- lots and lots and lots and lots of paperwork

- and of course a million other little things you discover along the way

Some of this can be learned as you go, but the most likely startups to succeed have a large portion of these areas covered by the founders, at least in the book learning sense.

So whenever I'm approached by an idea guy, my questions usually go like this:

- "Great idea. So who else is doing it?" (red flag for "nobody")

- "Who is going to buy this?" (red flag for "everybody")

- "How do you know that [group x] is going to buy it?" (I'm looking for something better than a hunch)

- "How much starting capital do you have?" (got to at least have ramen money)

- "Who have you spoken to about funding?" (red flag for "nobody", unless they are bootstrapping with their own money and have enough for 6 months of runway and a plan for after that)

- "Are you going to do this full time?" (If not, this conversation is over)

- "What skills are you bringing to the table?" (Must have at least half of the list above, or have other interested co-founders who fill many of the gaps)

So if you're looking for a technical co-founder, make sure you're bringing a business to the table, not just an idea.

Re: Please stop asking how to find a technical co-founder.

#83
I think a good hacker/hustler combination is a great idea! Thats way the hackers doesn't have to deal with all the BS that comes with running and growing a business and stay true to their passion, and the hustler can focus on growth, raising money, doing bills, getting the marketing and PR set up and rolling, think how to acquire new customers, enter new markets, do financials, find new partners, read through contracts etc. RIM is an example of that, they have co-CEOs, Google's Eric S was a business guy and so is Ballmer (I think). Neither is S. Jobs a hacker. My point here is they are useful ... I mean if your passion is technology and you list all the activities involved you will see a LOT detracts from the passion. And you kind of need them as a co-founder so they have vested interest, and are diligent, resourceful and careful.

Re: Please stop asking how to find a technical co-founder.

#84

Quite coincidently I saw this on Reddit today: http://www.youtube.com/watch?v=mEGUa3uekIE The video is a stereotypical 'Idea Guy' - asking for a rock star developer to develop his project (for almost free), on the promise of 'riches' when they strike gold. It is amazing how many people share this view these days (even more so after the 'social network' / success of facebook). Despite the video author's lack of techni…

The best part is how he doesn't say that the programmer will get equity, but that if they hit it big, he will be the first employee.

Re: Please stop asking how to find a technical co-founder.

#85
post #10
post #5

Good post. Speaking as a technical guy, my default position is to be turned off by co-founding with a business guy unless they have an amazing track record. I like the advice of earning a technical co-founder. I just wish more business guys realized their ideas aren't that special, aren't a magic way of printing money and just coming up with the idea doesn't entitle you to 75% of a two-man venture. It doesn't even re…

> It doesn't even really entitle you to an extra 10%. Depends on the capabilities of the business guy. The best idea in the world, with the best technical execution in the world, is worth precisely $0 without the capability to bring it to market: to build sales channels and drive growing revenues. This is a real skill, often over-looked by gung-ho coders with a neat idea. If you don't have the contacts and the experi…

"If you don't have the contacts and the experience of engineering a proper bis dev strategy, you ain't going anywhere."

Sorry, complete nonsense.

Re: Please stop asking how to find a technical co-founder.

#86
post #7

One thing that irritates the hell out of me every time is meeting a 'business' guy with the world's best idea, who is prepared to let a lucky developer have 10% of the venture in return for building the damn thing. I am yet to meet a developer who has not had this very same experience.

You've probably not met good business people but "idea guys" that, as you say, have the greatest idea since sliced bread and want you to build it for 5% equity. These people are a dime a dozen and generally worthless. The thing is that good business people are exactly like good hackers: Very rare. Good business people will never approach you with a good idea, they'll approach you with a thought-out strategy, proof of…

This is true that competent entrepreneurs are extremely rare.

Here is an example of one of my cases dealing with such.

Mr. P schedules a meeting. He is familiar with technology I have designed. He has an idea to enhance it with new functions, combining it with another technology he has licensed and market the combined product. He already has 10 employees, an office, an incorporated company, a working prototype board, and a reasonable contract. Before the end of the week we have signed a contract, which I had no concerns about, and he has written me a check for $1.2 million. I then ramp up, hire, expand and integrate my designs with his, and a year later the product is demonstrated at trade shows which leads to sales.

Here is an example of an incompetent idea guy. He wants to make umbrellas, briefcases, and hats that are made out of fabric which is a combination solar array and video screen. They will be self powered and show video advertisements which are downloaded wirelessly and which create income for the umbrella user. He has no technology for any of this, but that is my job. It should be a simple matter since solar, wireless and screens are all mature industries. I am to fund all development and manufacturing in return for 5% equity in his new concern.

That one is probably the most coherent and well developed of the "ideas" I have heard over the years from these characters. Don't worry, he has contacts in the industry, connections that will make UmbrellaScreen Ltd a guaranteed billion dollar company. It can't possibly fail.

Re: Please stop asking how to find a technical co-founder.

#87
post #5

Good post. Speaking as a technical guy, my default position is to be turned off by co-founding with a business guy unless they have an amazing track record. I like the advice of earning a technical co-founder. I just wish more business guys realized their ideas aren't that special, aren't a magic way of printing money and just coming up with the idea doesn't entitle you to 75% of a two-man venture. It doesn't even re…

You could flip it and it would be just as true (that is, not at all):

Speaking as a business guy, my default position is to be turned off by co-founding with a technical guy unless they have an amazing track record. I like the advice of earning a business co-founder.

I just wish more technical guys realized their code isn't that special, isn't a magic way of printing money and just coming up with the implementation doesn't entitle you to 75% of a two-man venture. It doesn't even really entitle you to an extra 10%.

In the beginning, your job is probably going to be to find a place to host, writing alpha CRUD apps, buying computers, buying food, buying and assembling furniture and generally just making things work. That's all very unglamorous work but, depending on the venture, it's quite likely your (alleged) coding skills will be of very little value (until you've found a market).

I don't think I'm alone (as a business guy) in generally finding technical guys to have an inflated sense of self-importance who often want to treat business people as an exchangeable/replaceable commodity.

Re: Please stop asking how to find a technical co-founder.

#88

Earlier quoted context omitted.

What does that make the CEO?

The guy that talks to other CEOs, goes to CEO conferences, decides on strategic development and signs deals.

You forgot to mention the golfing.

Re: Please stop asking how to find a technical co-founder.

#89

I'd like to give an alternate perspective to the Business Guy vs. Technical Guy dichotomy. What about your UX Guy? (apologies for the gender-specific wording; both women and men are "Guys" in my post, here) The UX Guy the one that takes Business Guy's wacky ideas and hones them down to a limited feature set that people can actually understand. He helps the Technical Guy map out the user flows, often deals with the te…

I think product visionary falls under "UX guy". The name "product visionary" by definition means he has an excellent grasp of user-oriented design and focus.

In the industry we call the "Product Managers".

Re: Please stop asking how to find a technical co-founder.

#90
I'm a business guy... who learnt to code. Here's why "finding" or even "earning" a technical co-founder is a stupid strategy: there's no guarantee that, even after you have found or earned him, he'll be sticking around. You'll then be left with half-done code that no other person wants to work on, and you'll find yourself learning how to code to get going anyway. So, just learn to code. If you find coding too difficult, you're probably just not smart enough anyway to be an effective business guy.
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