Finding a good cofounder is a key ingredient of a successful startup. Having had the opportunity to work with a variety of co-founders over the years, and now pairing up with individual co-founders for TandemLaunch portfolio investments, I have developed a couple rules of thumb for what to look for in co-founders.
1. Common Goals, and Values
Ensuring co-founders have common goals basically boils down to alignment of interest. Startups typically fail due to a misalignment of interests, so you need to make sure right out of the gate that both founders have equal interest. It doesn’t do you any good to have two superstar entrepreneurs if one of them wants to build the next Facebook, and the other wants to build a company to flip it for a million dollars in as short a time as possible. Right around the time when you hit that million dollar milestone and you get the first offer, that founding group is going to implode.
To read the full, original article click on this link: 5 Rules for Cofounder Heaven « The Tech Entrepreneurship Blog
