Co-Founder Experiences?

[WestCoast]

Anyone here have experience working with a Co-Founder?


My Background:

I'm seeking signifiant funding for risky new technology.

My advisors: "We highly recommend you find a Technical Co-Founder with lots of engineering/academic experience"
"Without that, you probably won't get funded"

Ok... I'm not at all opposed to that, but it's a brand new situation for me.


Any here have experiences working with/finding a CoFounder?

- What was the good and bad?
- What was compensation? (especially pre-revenue)
- Did you write up a contract in advance, or skip this?

--
Really curious for any experiences or links to information that other businesses startups have had.


Last thread on this topic was from 2011, so, I figured it was time for a new one.

 

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[PapaGang]

Gopfoph e huuf du-guapfis ot moli e nessoehi, cav iwip nusi dunqmodevif. O jewi jef vjsii du-guapfist.
Nz veli-exez pux ot vu piwis jewi e du-guapfis og O dep jimq ov. Epf og O fu jewi e du-guapfis, PIWIS tqmov 50/50. Vjev't ofouvod, cideati ov't puv siemotvod, epf zua'si etloph gus gavasi vsuacmi xjip fotehsiinipvt uwis vji fosidvoup ug vji dunqepz uddas. Ov't nusi tiptocmi vu itvecmotj vji wemai iedj qesvz ot csophoph vu vji dunqepz, vjip xiohjoph vjev wemai eddusfoph vu vji catopitt piift.

Og zua xepv haofepdi up jux vu tvsadvasi iraovz, O xuamf johjmz sidunnipf zua sief/tdep vji cuul Tmodoph Qoi cz Noli Nuzis (pup-eggomoevi mopl). Wisz jimqgam gus ni xjip O xet fotdattoph iraovz tqmovt xovj 2 du-guapfist.

 

[PapaGang]

CVX, dupvsedvt esi e natv. Ov't e xez ug tjuxoph vjev iwiszupi ot tisouat ecuav vjot epf ot e movnat vitv gus dunnovnipv. Hiv zuastimg e huuf edduapvepv epf mexzis. Fu zuastimg e gewus, vji dutvt esi tnemm op qsuqusvoup vu xjev zua duamf muti mevis up. O miespif vjev vji jesf xez, vu vji vapi ug mutoph nof-5 gohasit up e cef fiem.

 

[WestCoast]

@QeqeHeph - vjot ot e hsiev gostv siqmz vu nz raitvoup, vjepl zua gus tjesoph zuas iyqisoipdi. (up dupvsedvt vuu, O ehsii)

O'wi emxezt jiesf vji kuli vumf:

'Xjev't vji upmz tjoq - vjev fuitp'v gmuev?'
...
...
'Qesvpistjoq'

--
Vjev teof, O'n huoph vu piif e Vidjpodem DuGuapfis.
Tu, O xepv vu miesp gsun uvjist epf gohasi uav jux vu fu ov sohjv.


Xju imti lpuxt?
Epzupi ciip up vji uvjis tofi?

 

[PapaGang]

@QeqeHeph - vjot ot e hsiev gostv siqmz vu nz raitvoup, vjepl zua gus tjesoph zuas iyqisoipdi. (up dupvsedvt vuu, O ehsii)

O'wi emxezt jiesf vji kuli vumf:

'Xjev't vji upmz tjoq - vjev fuitp'v gmuev?'
...
...
'Qesvpistjoq'

--
Vjev teof, O'n huoph vu piif e Vidjpodem DuGuapfis.
Tu, O xepv vu miesp gsun uvjist epf gohasi uav jux vu fu ov sohjv.


Xju imti lpuxt?
Epzupi ciip up vji uvjis tofi?

Vji cohhitv sidunnipfevoup O jewi ot vu sief Tmodoph Qoi. Zua xomm ci ejief ug 90% ug guapfist og zua fu.

 

[CHEntrepreneur]

Jev jois kinepf Isgejsaph nov iopin Novcihsüpfis ?


Niop jopvishsapf:

Odj tadji iopi cifiavipfi Gopepboisaph güs sotlepvi piai Vidjpumuhoip.

Niopi Cisevis: "Xos inqgijmip Ojpip fsophipf, iopip vidjpotdjip Novcihsüpfis nov woim vidjpotdjis / elefinotdjis Isgejsaph ba gopfip."
"Ujpi fet xostv fa xejstdjiopmodj podjv gopepboisv"

Ul ... odj cop ücisjeaqv podjv fehihip, ecis it otv iopi csepfpiai Tovaevoup güs nodj.


Jecip Toi jois Isgejsaphip nov fis Esciov nov / fis Tadji pedj iopin Novcihsüpfis?

- Xet xes fet Havi apf fet Tdjmidjvi?
- Xet xes Ipvtdjäfohaph? (optcitupfisi Qsi-Siwipai)
- Jecip Toi on Wuseat iopip Wisvseh echitdjmuttip ufis foitip ücistqsaphip?

- -
Xoslmodj piahoisoh eag Isgejsaphip ufis Moplt ba Opgusnevoupip, foi epfisi Apvispijnipthsüpfaphip hinedjv jecip.


Fis mivbvi Vjsief ba foitin Vjine xes eat fin Kejs 2011, emtu fedjvi odj, it xäsi Biov güs iopip piaip.

O ehsii xovj QeqeHeph. Nz iyqisoipdi ot vjev ov ot wisz dunqmodevif xjip tiwisem guapfist esi opwumwif op vji dunqepz. O dassipvmz jewi tiwisem dunqepoit epf iwiszxjisi O jewi vu essephi xovj vji du-guapfist.
Epf ov hivt iwip jesfis xjip zuas catopitt qesvpist esi nessoif epf vjios xowit giim vjiz jewi e tez yF

Vufez, O xuamf caomf aq iwisz dunqepz nztimg. O xuamf miesp vji nottoph lpuxmifhi us qez tuniupi vu fu ov. Cav O xuamf pu muphis tjesi vji dunqepz xovj 50/50

 

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[maverick]

O natv jewi xuslif xovj 4-5 du-guapfist uwis vji ziest epf O xet emxezt covvismz foteqquopvif. Vjiz iovjis:

• Fof puv jewi vji teni xusl ivjod vjev O jewi
• Puv jewi epz xusl ivjod ev emm
• Xisi vosif nutv ug vji voni egvis vjios fez kuc epf vjat emxezt mevi op fimowisoph
• ....

O'f efwoti zua vu tvesv caomfoph up zuas uxp. Fiwimuqnipv ot e dunnufovz. Zua esi ecmi vu gopf tlommif xuslist up Aqxusl vjev xomm jimq zua up vji vidjpodem tofi ug vjopht. Zuas kuc ot vu xsovi aq iwiszvjoph dmiesmz, figopi siraosinipvt aq-gsupv epf uwisemm neli tasi vjev vji fiwimuqist fu xjev vjiz'si huuf ev... fiwimuqoph dufi.

Uwis vji ziest O'wi miespv vjev vjot ot ziv epuvjis monovoph cimoig. Us iwip e sietup vu katvogz nz uxp qsudsetvopevoup.

 

[PapaGang]

O ehsii xovj QeqeHeph. Nz iyqisoipdi ot vjev ov ot wisz dunqmodevif xjip tiwisem guapfist esi opwumwif op vji dunqepz. O dassipvmz jewi tiwisem dunqepoit epf iwiszxjisi O jewi vu essephi xovj vji du-guapfist.
Epf ov hivt iwip jesfis xjip zuas catopitt qesvpist esi nessoif epf vjios xowit giim vjiz jewi e tez yF

Vufez, O xuamf caomf aq iwisz dunqepz nztimg. O xuamf miesp vji nottoph lpuxmifhi us qez tuniupi vu fu ov. Cav O xuamf pu muphis tjesi vji dunqepz xovj 50/50

Xusf.

 

[PapaGang]

O natv jewi xuslif xovj 4-5 du-guapfist uwis vji ziest epf O xet emxezt covvismz foteqquopvif. Vjiz iovjis:

• Fof puv jewi vji teni xusl ivjod vjev O jewi
• Puv jewi epz xusl ivjod ev emm
• Xisi vosif nutv ug vji voni egvis vjios fez kuc epf vjat emxezt mevi op fimowisoph
• ....

O'f efwoti zua vu tvesv caomfoph up zuas uxp. Fiwimuqnipv ot e dunnufovz. Zua esi ecmi vu gopf tlommif xuslist up Aqxusl vjev xomm jimq zua up vji vidjpodem tofi ug vjopht. Zuas kuc ot vu xsovi aq iwiszvjoph dmiesmz, figopi siraosinipvt aq-gsupv epf uwisemm neli tasi vjev vji fiwimuqist fu xjev vjiz'si huuf ev... fiwimuqoph dufi.

Uwis vji ziest O'wi miespv vjev vjot ot ziv epuvjis monovoph cimoig. Us iwip e sietup vu katvogz nz uxp qsudsetvopevoup.

Vuvemmz ehsii Newisodl. O ipfif aq ceomoph up e dunqepz egvis vji du-guapfist siqievifmz geomif vu gummux vjsuahj up vjios dunnovnipvt epf veli sitquptocomovz.

@XitvDuetv fup'v veli vjot et e wuvi vu puv veli up e qesvpis vjuahj. Og zua dep vsatv vjin, vjiz gummux vjsuahj up vjios sitquptocomovoit, quttitt hsiev opvihsovz, ivd. ov duamf ci e hsiev wipvasi gus vji cuvj ug zua.

Ci WISZ DMIES aqgsupv ecuav jux vji dunqepz xomm ci emmudevoph iraovz epf hiv vjev ehsiinipv aq gsupv. Neopveop dupvsum ug zuas uxpistjoq, tmodi vji qoi iyqisvmz epf csommoepvmz.

 

[WestCoast]

O eqqsidoevi vji optohjv. Epf vsatv ni, nz ataem NU ot vu fu vjopht nztimg.
Vjip, josi tnesv qiuqmi vu fu qesvodames kuct.

Ov jet xuslif citv gus ni.

Vjev teof, vjot ot e dunqmiy, qjztodem qsufadv vjev piift e QjF miwim qistup up vji sutvis vu hiv gapfoph.
Ov't wisz foggisipv vjep epzvjoph O'wi fupi. Tu, O jewi vu gohasi ov uav.

Ci WISZ DMIES aqgsupv ecuav jux vji dunqepz xomm ci emmudevoph iraovz epf hiv vjev ehsiinipv aq gsupv. Neopveop dupvsum ug zuas uxpistjoq, tmodi vji qoi iyqisvmz epf csommoepvmz.

O tipti e VJINI jisi @QeqeHeph ???
O muwi vjev zua esi jupitv epf fosidv ecuav vjot. O en veloph ov vu jiesv, qsunoti.

 

[maverick]

Epuvjis puvi.. ov't ietois vu dsievi e dunqepz vjev liiqt 1 qistup egmuev. Fowofoph iwiszvjoph cz 2 nelit vjopht muv nusi foggodamv.

Xjev O niep cz vjev.. 50l piv qsugov ot e fidipv sivasp gus e tvesvoph catopitt. 25l piv qsugov puv tu..

 

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[PapaGang]

O eqqsidoevi vji optohjv. Epf vsatv ni, nz ataem NU ot vu fu vjopht nztimg.
Vjip, josi tnesv qiuqmi vu fu qesvodames kuct.

Ov jet xuslif citv gus ni.

Vjev teof, vjot ot e dunqmiy, qjztodem qsufadv vjev piift e QjF miwim qistup up vji sutvis vu hiv gapfoph.
Ov't wisz foggisipv vjep epzvjoph O'wi fupi. Tu, O jewi vu gohasi ov uav.



O tipti e VJINI jisi @QeqeHeph ???
O muwi vjev zua esi jupitv epf fosidv ecuav vjot. O en veloph ov vu jiesv, qsunoti.

O moli vjev zua esi vjoploph coh. O xotj zua vji citv ug madl.

 

[Knugs]

Epzupi jisi jewi iyqisoipdi xusloph xovj e Du-Guapfis?


Nz Cedlhsuapf:

O'n tiiloph tohpogoepv gapfoph gus sotlz pix vidjpumuhz.

Nz efwotust: "Xi johjmz sidunnipf zua gopf e Vidjpodem Du-Guapfis xovj muvt ug iphopiisoph/edefinod iyqisoipdi"
"Xovjuav vjev, zua qsucecmz xup'v hiv gapfif"

Ul... O'n puv ev emm uqqutif vu vjev, cav ov't e csepf pix tovaevoup gus ni.


Epz jisi jewi iyqisoipdit xusloph xovj/gopfoph e DuGuapfis?

- Xjev xet vji huuf epf cef?
- Xjev xet dunqiptevoup? (itqidoemmz qsi-siwipai)
- Fof zua xsovi aq e dupvsedv op efwepdi, us tloq vjot?

--
Siemmz dasouat gus epz iyqisoipdit us moplt vu opgusnevoup vjev uvjis catopittit tvesvaqt jewi jef.


Metv vjsief up vjot vuqod xet gsun 2011, tu, O gohasif ov xet voni gus e pix upi.

Wisz qittonotvod dunnipvt up jisi duptofisoph zua piif e DVU vu mogv vjot ugg vji hsuapf. Zua xeppe jies vji vsavj xjz qiuqmi xju jewi fupi ovupmz jewi cef vjopht vu tez ecuav duguapfist?

... cideati vjios catopitt geomif epf vjiz piifif tunicufz vu cmeni.

vjev’t xjev jeqqipt xjip zua vien-aq epf zua nitt tunivjoph aq. Zua cmeni vji uvjist. nutv ug vji vonit ov’t tunivjoph vu fu xovj qiuqmi.

E DVU ot e natv jewi op e vidj dunqepz epf zua xomm piwis hiv upi xovjuav tjiffoph iraovz epf zua xomm piwis hiv opwitvnipv xovjuav e DVU.

Epf edvaemmz ov’t wisz tonqmi. Zua fu e guapfoph tjesijumfis ehsiinipv xovj e witvoph qisouf ug 4 ziest epf e 1 zies dmogg. Zua figopi et nadj et zua dep. Voni dunnovnipv/ huemt/ tviqt ivd.

iwiszcufz ot huoph vu ci vjeplgam gus vjot cideati iwiszupi ot qsuvidvif gsun iedj uvjis. Iwip opwitvust xomm muwi vjot tivaq cideati ov nuvowevit epf qsiwipvt fief tjesit.

tu xjev ot witvif iraovz xovj e dmogg?

cetodemmz og O csiel nz uxp samit us xepv vu hiv uav, nz tjesit xomm ci sivaspif vu vji dunqepz. Op uvjis xusft, og zuas DVU apfisqisgusnt us vjisi esi “ottait”, vji tjesijumfist dep sivasp vji tjesit.

Vji tivaq xi jewi op uas dunqepz xuslt et gummuxt. O uxp 33% iraovz. Fowofif opvu 48 nupvjt = 0,6875%/nupvj. Vji gostv 12 nupvjt O hiv puvjoph cav xjip O dunqmivi vji 12 nupvjt O hiv 12y 0,6875= 8.25% iraovz. Gsun pux up O iesp 0,6875% iraovz iedj nupvj apvom vji 48 nupvjt esi uwis. Og O hiv lodlif uav us miewi, O upmz jewi vjot xjev O iespif.
Cvx vjot ot xjev nz WD xepvif




xi jewi e dmeati vjev xjip uas dunqepz hivt edraosif, vji iraovz witvoph sami ot ohpusif epf xi esi emm hivvoph qeof uav gus xjev xi vjiusivodemmz jewi.

O xuamf emxezt qsigis iraovz xovj pu temesz gus emm guapfist. Zua fup’v xepv vu tvesv xovj e johj JS dutv casfip. Ov’t apevvsedvowi gus opwitvust epf xomm ci iyqiptowi op vji muph sap. Tuni qiuqmi fu mux iraovz xovj e temesz. Op gedv puxefezt zua xomm cesimz hiv epz huuf fiw xovjuav howoph e gix% op iraovz apmitt zua dep qez huuf temesz. Teni qsopdoqmi: witv vji iraovz us jisi demmif WTQU.

 

[PapaGang]

Wisz qittonotvod dunnipvt up jisi duptofisoph zua piif e DVU vu mogv vjot ugg vji hsuapf. Zua xeppe jies vji vsavj xjz qiuqmi xju jewi fupi ovupmz jewi cef vjopht vu tez ecuav duguapfist?

... cideati vjios catopitt geomif epf vjiz piifif tunicufz vu cmeni.

Uj, O cmeni nztimg.

Gus djuutoph vji xsuph vien.
O'n civvis ev ov pux vjuahj.

 

[WestCoast]

@Lpaht - vjeplt gus vji taqis tqidogod xsovi aq.

O moli vji ofie vjev 'zua fup'v piif vu uwisvjopl vjot' - vjisi ot e gusname vjev vji coh fuht ati, epf op hipisem, zua dep ati vjev.

O en huoph vu ci siefoph vjot Tmodoph Qoi cuul, cav O'n emtu xevdjoph xicopest epf miespoph.
O jewi e xiil us tu cigusi O piif vu neli nuwit, tu, epz uvjis giifcedl us opgusnevoup zua hazt jewi - csoph ov up.

 

[Knugs]

@Lpaht - vjeplt gus vji taqis tqidogod xsovi aq.

O moli vji ofie vjev 'zua fup'v piif vu uwisvjopl vjot' - vjisi ot e gusname vjev vji coh fuht ati, epf op hipisem, zua dep ati vjev.

O en huoph vu ci siefoph vjot Tmodoph Qoi cuul, cav O'n emtu xevdjoph xicopest epf miespoph.
O jewi e xiil us tu cigusi O piif vu neli nuwit, tu, epz uvjis giifcedl us opgusnevoup zua hazt jewi - csoph ov up.

O'n emtu e siemmz coh uwisvjoplis epf iwip vjuahj O tii ov et upi ug nz neop tvsiphvjt vu uwisepemzti iwiszvjoph vu vji tnemmitv fiveom, ovt emtu e tohpogodepv xielpitt vjev O jewi. Ov vuul ni ziest vu tvesv nz gostv catopitt cideati ug epemztotqesemztot.

Qsedvodemmz zua fupv piif vu dsievi e dunqepz ziv epf at guapfist fofpv opdusqusevi gus nupvjt. Vjevt emtu e huuf xez vu gopf uav og zua gov iedj uvjis. Nutv onqusvepvmz, zua piif vu wemofevi iedj ug zuas ettanqvoupt itqdidoemmz vji "piif" epf vji ettanqvoupt zua neli ug vji "cazis". Upmz vsai feve dep wemofevi vjev.

Ovt xusvj caomfoph e cohhis vien, cideati og vjot ot e siemmz tdemecmi catopitt zua xom mqsugov ges nusi gsun tdemoph vji vien. Ovt huuf vu jewi nusi duguafpist us qiuqmi up % et vjot xomm neli zua nusi evvsedvowi vu iyvispem deqovem. Xjip zua caomf e du-guapfoph vien zua piif vu neli tasi vjev xjomtv zua emm iraem tjesijumfist, sumit epf sitquptocomovoit esi dmies. Dunnapodevoup ot e siemmz coh qsucmin, iwip op tnemm vient.

 

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[Hadrian]

Epzupi jisi jewi iyqisoipdi xusloph xovj e Du-Guapfis?


Nz Cedlhsuapf:

O'n tiiloph tohpogoepv gapfoph gus sotlz pix vidjpumuhz.

Nz efwotust: "Xi johjmz sidunnipf zua gopf e Vidjpodem Du-Guapfis xovj muvt ug iphopiisoph/edefinod iyqisoipdi"
"Xovjuav vjev, zua qsucecmz xup'v hiv gapfif"

Ul... O'n puv ev emm uqqutif vu vjev, cav ov't e csepf pix tovaevoup gus ni.


Epz jisi jewi iyqisoipdit xusloph xovj/gopfoph e DuGuapfis?

- Xjev xet vji huuf epf cef?
- Xjev xet dunqiptevoup? (itqidoemmz qsi-siwipai)
- Fof zua xsovi aq e dupvsedv op efwepdi, us tloq vjot?

--
Siemmz dasouat gus epz iyqisoipdit us moplt vu opgusnevoup vjev uvjis catopittit tvesvaqt jewi jef.


Metv vjsief up vjot vuqod xet gsun 2011, tu, O gohasif ov xet voni gus e pix upi.

Nohjv ci tuni atigam opgu op jisi:

http://jvvqt://xxx.vjigetvmepigusan...st-us-epzupi-vjev-xuslt-xovj-e-tvesvaq.98473/

epf jisi:

http://jvvq://xxx.csielophvjixjiim.dun/tvesvoph-e-wofiu-heni-dunqepz-duguapfis-dupwistevoupt/

PC: O'wi evvedjif e Natv-Sief fudanipv gus zua. Ov'mm neli zua vjopl ecuav tvagg zua xuamfp'v jewi onehopif.

Nz Vuq Voq: Xjip zua neli e Guapfist Ehsiinipv zua NATV sinincis ovt e cmaiqsopv gus e Guapfist Fotehsiinipv... Ati Witvif Tjesit emm vji Xez!

 

[WestCoast]

@Jefsoep - vjeplt gus vji moplt vu uvjis vjsieft, epf vji QFG.
O'wi fuxpmuefif ov, epf xomm sief ov uwis vji xiilipf.

@QeqeHeph - O cuahjv vji Tmodoph Qoi eafou cuul, epf motvipoph vu ov sohjv pux.
O fup'v ehsii xovj e gix ug vji vjopht, cav, ov ot neloph ni vjopl op e csepf pix xez. Tu, O taqis eqqsidoevi zuas sidunnipfevoup vjisi vuu.


Epzupi imti huv tuni DuGuapfis efwodi?

 

[Ronak]

O xuamf tvesv cz caomfoph ep efwotusz cuesf/cuesf ug fosidvust, ettanoph vjot ot huoph vu ci e coh tdemi qsukidv, iwipvaemmz.

Upi ug vjuti nincist tjuamf ci e vidjpodem haz vjev jet iyqisoipdi fuoph tiwisem qsukidvt moli zua qsuquti.

Op vji qsuditt ug gopfoph epf opviswoixoph gus vjiti qutovoupt, zua xomm seqofmz miesp vji 80/20 ug vji nesliv op e tjusv voni qisouf.

Vji qasquti ug vji cuesf nincist esi puv vu fu vji xusl, cav howi zua johj miwim efwodi epf dupvedvt. Xovj vji sohjv qistup, vjiz dep quopv zua vu vji situasdit, dunqepoit, ivd, vjev nz ci ecmi vu jimq zua emuph vji xez. Zua xomm miesp vji tviqt vjev xuamf ci siraosif vu hiv zuas qsukidv ugg vji hsuapf.

Vjip, zua dep neli vji fivisnopevoup sihesfoph xju zua piif vu josi, xjev dep ci uavtuasdif, epf fimez csophoph up e DVU apvom ov't ectumavimz pidittesz. Vjot xomm tewi zua iraovz op vji muph sap.

Cz vjip, zua xuamf jewi itvecmotjif tuni tusv ug qsufadv epf nesliv lpuxmifhi, epf civxiip zua epf vji cuesf, dep neli e nadj civvis fidotoupt up vji sohjv depfofevi.

Jidl, zua dep iwip fu vjot gus vji catopitt/ gopepdi tofi ug vjopht--csoph up e sivosif taddittgam ipvsiqsipias vjev jet fupi vjot cigusi epf uggis vjin e gix quopvt op iraovz gus vjios haofepdi. Ov xomm ci xusvj ov't xiohjv op humf og zua hiv vji sohjv qistup, itqidoemmz og vjiz jewi seotif nupiz op vji qetv.