
Choosing a cofounder
Is four too many cofounders?
Large cofounding teams may seem like a good idea - more skills, more input, more fun. However, they quickly become messy, and it's likely that one or more cofounders won't stay long.
Been there, done that as a certified VC-backed non CEO cofounder.
Choosing a cofounder
Large cofounding teams may seem like a good idea - more skills, more input, more fun. However, they quickly become messy, and it's likely that one or more cofounders won't stay long.
Investors
Feel like VCs are giving you the cold shoulder as a non CEO cofounder? Or that their behavior is truly bizarre? It's not just you.
Personal growth
The cofounder who doesn't scale is almost always the non CEO. Avoiding that fate is about managing both perception and performance.
Roles
When cofounders launch a startup together, deciding who will be CEO may be a hard decision. If you're making that decision now, I'll what to think through. If you're still asking the question months later...you know the answer.
Cofounder relationship
The cofounder checklists out there are fine for screening people out but they won't help you choose the right cofounder. Here's why, and what to think about instead.
Cofounder relationship
As the other cofounder, if you didn't get occasional stabs of jealousy, you wouldn't be human. Here's what jealousy might be telling you and a few things to think about.
Equity split
The startup world is different from school or corporate. It calls you to grow and better yourself. The fear you have about talking equity with your cofounder is one of those calls.
Roles
Changing perceptions is the hardest part of taking over from your cofounder CEO. What people see affects how they act, and it can be hard to get them to see you as the CEO. There are several different groups of people you need to consider: your board and investors, your employees, and yourself.
Cofounder relationship
Your cofounder is leaving your startup. Yes, you can preserve the friendship. Here are the stages you'll probably experience.
Investors
Investors are often unfairly dismissive of non CEO cofounders.
Equity split
Any unvested equity goes poof. The board will try to convince the leaving CEO to give back a chunk of their equity. Most will.
Equity split
Even late in the early stages of a startup, you can renegotiate your equity split with your cofounder. Here's how we did it.