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Co-founders only able to work part-time, with responsibility and major income sources elsewhere, don’t carry the same risk as others with more operational responsibility. The challenge is for real co-founders to keep their equity percentage above 50%, or they effectively lose control of operational decisions. But don’t get greedy.
I always tell entrepreneurs that two heads are better than one, so the first task in many startups is finding a cofounder or two. Giving a cofounder a salary won’t get you the “fire in the belly” you want. Each cofounder should get equity for value, based on these key variables: Lived a key role in a previous startup.
Co-founders only able to work part-time, with responsibility and major income sources elsewhere, don’t carry the same risk as others with more operational responsibility. The challenge is for real co-founders to keep their equity percentage above 50 percent, or they effectively lose control of operational decisions.
Co-founders only able to work part-time, with responsibility and major income sources elsewhere, don’t carry the same risk as others with more operational responsibility. The challenge is for real co-founders to keep their equity percentage above 50%, or they effectively lose control of operational decisions. But don’t get greedy.
Co-founders only able to work part-time, with responsibility and major income sources elsewhere, don’t carry the same risk as others with more operational responsibility. The challenge is for real co-founders to keep their equity percentage above 50%, or they effectively lose control of operational decisions. But don’t get greedy.
Nathan Hursts Blog Thoughts on Software, Technology, and Startups « Back to blog Im on the technical side of entrepreneurship in NYC. The graphic below balances the risks cofounders take with their relative contributions to help answer this question. I love programming, board games, and my wife. This doesnt have to be the case.
Our categorization is not a technical one. This structure allows for alignment on the front end, and real-time flexibility for performance metrics,” says Samira Salman , a family office investor and advisor. . Early-stage: Cofounder with engineering/ product background from top-tier university or major technology company.
Advisor. ); STARTUP. Office and Operations. Chip Morse , cofounder and partner with Morse, Barnes-Brown & Pendleton P.C., Besides the future potential earnings youre forgoing, youre also diluting your own ownership in the company. Newsletters. Subscriptions. Writing A Business Plan. Running A Home-Based Business.
For most of my career, I’ve served startups and early-stage companies as an operating executive or advisor. So when founders lose focus, they dilute their power and effectiveness, which diffuses the force of their impact. This is why I encourage almost every startup founder to find a partner or a cofounder.
portfolio operator VCs, e.g., Andreessen Horowitz, ff Venture Capital, First Round Capital, Google Ventures. I’ve talked with a number of software development shops who are eager to get into the business of cofounding companies, i.e., getting product revenue and equity instead of just consulting revenue. mentor VCs, e.g., most VCs.
Ten years ago, Ward Cunningham published a Youtube video that introduced the concept of “technical debt” to the world. Founders need seed capital to get their operations up and running, and to begin generating revenue. by Anish Sebastian and Juan Pablo Segura, co-founders of Babyscripts.
Andrew is the co-founder and CTO of Parse.ly , a technology startup that provides big data insights to the web’s best publishers. You’re trying to discover a product that will work for some market, while also being a hugely motivating space for you and your cofounders to work in for (potentially) ten years.
Some other candidate sources are ok, but I always got bad results from technical recruiters. Have a good operational cadence where projects are short and you’re releasing something new on a regular basis. Worry more about making sure you pass than an extra point of dilution. The last five words there are important. Keep going.
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