How to choose the right co-founder for your startup
Finding a co-founder is a crucial step for any start-up. It's important to ensure that you find someone who has the skills, experience, and personality to complement your own.
Here are 10 questions you can ask a potential co-founder to assess a good fit.
- What is motivating you to do this start-up?
Understand the motivations behind a person's decision to found the start-up and what his/her personal goals are. - What is your vision for this start-up?
Ensure that you and your potential co-founder are aligned and have the same goals in mind. - What responsibilities will you assume?
Who will be the CEO?
A founder may or may not want to be the CEO. Discuss and clarify the role, title, and responsibilities of each founder in the company. - How much equity do you expect to receive?
Establish expectations and discuss how to determine the fair distribution of ownership and financial compensation among the co-founders. - How committed are you?
Starting a company is a huge commitment. It's important to make sure that each founder is willing to put in the time and effort needed to make your start-up successful. - How will we handle conflict?
Conflict is inevitable in any partnership. Discuss how to handle disagreements, what will happen if the co-founders do not want to work together anymore, and what will happen if a co-founder decides to leave the company voluntarily or involuntarily. - What are you work-life balance expectations?
Discuss expectations or boundaries in terms of availability and commitment, working schedules and things outside of work that are important to each founder. - What values do you believe should form the foundation of our company culture?
Discuss alignment and compatibility in terms of shared values and principles and the foundation needed to foster a positive and productive work culture. - How does this start-up align with your personal and professional goals?
Discuss the level of personal investment and alignment between each founder's aspirations and the company's trajectory. - How does your previous work experience relate to the vision of the start-up?
Determine whether a founder can bring relevant expertise, knowledge, and industry connections. Discuss lessons learned and willingness to adopt to the unique challenges and opportunities the start-up may encounter.
These questions can help you initiate discussions and gain insights into the potential co-founder's perspective on these important topics, allowing you to assess alignment and identify potential conflicts early on. Remember to have open and honest conversations to ensure a thorough understanding of each other's view.
If you are still not sure if you have a good fit, consider collaborating on a small project or trial period before fully committing to the co-founder relationship. This allows you to work together, understand each other's working style, and assess how well your visions align in practice.






