Investing your time into finding a startup cofounder could prove to be a very beneficial decision. A partner will be able to grow with you and add fresh ideas to your business plan. The benefits are clear, but where can you find a co-founder and who is the best person for such a role? A co-founder will be there to make some of the most important decisions by your side, so you need to be careful with the decision. Planning to use an investment platform like Cofunds? Do you have a sponsorship in mind? These are all decisions that a co-founder will have a say in.
How to Find a Startup Cofounder
Do not choose just ‘anyone’
You really need to think about this decision when you decide to find a co-founder.
You also need to remember that you will be stuck with this partner for quite some time, so it can’t be someone that you can’t stand!
You need to write out a ‘job description’ per say for the ideal candidate.
Don’t go straight for best friend or family member. Whilst they could be an option, your main priority should be to find somebody who will help your business excel.
You may wonder, how can you have a healthy cofounder relationship? Well, you need to certainly get on well with your partner. You want to work with someone that you can tolerate, as you are going to work with this person for a long time. At the same time, you need to find balance. You want to make sure that you get on well with your partner, but you also need to have a strong professional relationship. It’s fine to go out for a drink, but if this means you’re missing out on working for days on end, issues will end. So the way to have a healthy cofounder relationship is to have a balanced relationship.
Search far and wide
A cofounder isn’t likely to be on your doorstep, so you may have to search a bit further in order to find what you’re looking for.
You won’t be the only one looking for a co-founder, as there are many startups looking for partners. It will not happen overnight, but putting time into something like this is greatly recommended. As mentioned earlier, rushing a decision like this is probably the worst thing you can do.
Go to conferences, talk to mutual friends. Do whatever you can possibly do to seek the best candidates. You may find a potential cofounder in a very unexpected place, it’s hard to predict these sort of things!
Make roles clear
When you find a startup partner, you need to make the roles clear. You need to make who the boss is very clear. If you do not make this clear from the get go, it could cause major issues in the future. It could even make your startup fail.
Listening to what your partner has to say is very important, even if you have the last say. They are your cofounder for a reason, so they should be able to put input into major decisions.