Startup Success Series: Finding a Co-Founder
In recent months, we’ve seen a huge influx of new, aspiring entrepreneurs enter the startup community. Many are on the hunt for a co-founder. Some are seeking technical co-founders, whilst others are looking for people who care about solving the same problem and want to dive in with them.
So do you need a co-founder?
Startups with co-founders rather than a solo entrepreneur have a much quicker journey to success, with Startup Genome reporting that lone founders take longer to reach scaling stage and are more averse to pivoting. On top of that, they also reported that startups with balanced co-founder teams raise more money – it’s clear that a co-founding team is usually greater than the sum of its parts.
This is why it’s so important to pick the right co-founder. Many compare co-founding to marriage – every decision has to be a joint decision; you have to manage and maintain the relationship and have shared values so you can move forward as a unit. Above all else, you have to trust your co-founder.
That’s why for this edition of the Startup Success Series, we’re speaking with expert panellists on finding that perfect co-founder.
Specifically, we’ll aim to cover:
- Benefits of having co-founders
- How to think about co-founder recruitment
- Where to find your future co-founder
- Advice for co-founder agreements