If you are considering onboarding a cofounder – the wise strategic choice is to try to work together before making the final commitment. In order to do it right, you need to set the framework and define the conditions. It is frequently the different assumptions of the parties that are basis of future disappointments and disagreements. The best advise is prevention.Read More
Where to find the right cofounder is probably one of the top 3 questions I get asked. Wanting your business to have the highest chance to succeed, it is indeed very important that you identify and select the best possible candidates. Check the overview of typical sources and their pros and cons.Read More
It is much easier to find what we are looking for if we know what we are looking for. Cofounding decisions should be done by design, not by default. Learn how to identify the right cofounder for your business.
The cofounding team is one of the most important ingredients for building a successful business. But it is not that easy to build a team that will perform and last… staggering two-thirds of startups fail because of disagreements between founders. Learn how to do it right in this series, covering who is the right cofounder, cofounders dating and trial period and implementation tips.Read More
Cofounder teams are more likely to succeed in the long run than solo founders. This belief is shared among many startup ecosystem members - from investors to accelerators. However, unfortunately, about 70% of business partnerships fail because of people / cofounders’ issues. How is it possible that if partnerships are good for us, why are we so disastrously bad in it? Because we underestimate the conversations necessary to set it up right, the knowledge required, and the time needed.Read More
With change being the only constant, the question is not whether but when and what changes you will have to deal with.
Within the cofounding team, a very frequent, very disruptive, but often unforeseen scenario is a leaving cofounder. How to handle it? The best answer is by being prepared for the case it does happen - BEFORE it happens.Read More
Learn how the founders’ entrepreneurial savviness and the slicing pie model helped them to accommodate the different commitment levels throughout WYDR’s bootstrapping stage and to protect the company against dead equity – in the interview with Timo Hahn, Cofounder of WYDR.Read More
“It is unrealistic to expect that during your business partnership your team will not encounter disagreements and conflict”, says Jana Nevrlka, cofounding expert, author of the book “Cofounding the Right Way” and start-up mentor at F10 FinTech Incubator & Accelerator. But conflicts are not necessarily a bad thing: “It brings an opportunity to surface underlying tension, improve understanding and self-knowledge and – if done well – increase the team’s cohesion”, states Jana.Read More