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6 Ways to Build a Lasting 'Co-Founder Team' for Your Startup

6 Ways to Build a Lasting 'Co-Founder Team' for Your Startup | Pitch it! | Scoop.it
Make those important decisions upfront, so your relationship works like a well-oiled machine.

"If you want to go fast, go alone. If you want to go far, go together," advises an old African proverb. And the data on startup unicorns (billion-dollar companies founded since 2000), adds substance to those words: Of the estimated 80-plus unicorns worldwide, more than 90 percent began with a team of two or more.

Working alongside a co-founder, then, seems to significantly improve your startup's chances to succeed. But it also raises some risks. Specifically, one of the most common reasons startups fail is co-founder disputes, and those disputes can become a particularly big problem when the co-founder is a friend. Aside from the risk of losing your startup, you may lose a friendship. So, friend or no, if you have a co-founder, make sure that you build a solid base before jumping in. Here are some ways to do that. Read more: click image or title.




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Marc Kneepkens's insight:

Clear #agreements are extremely important when working together. #Founders need to realize that different outcomes are possible.

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ventureLAB's curator insight, November 4, 2015 4:00 PM

'Clear #agreements are extremely important when working together. #Founders need to realize that different outcomes are possible'- Marc Kneepkens.  True

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Why co-founders are the secret to start-up success: DesignCrowd founder Alec Lynch

Why co-founders are the secret to start-up success: DesignCrowd founder Alec Lynch | Pitch it! | Scoop.it

DesignCrowd founder and chief executive Alec Lynch on the pros and cons of having co-founders, how many is ideal and where you find them.

So, you have a million-dollar business idea, but haven’t started working on it. You might be wondering: “do I need a co-founder?”

Most successful start-ups or tech businesses have multiple founders. Google, Facebook, Twitter, LinkedIn, YouTube, Groupon, Uber, Square, Instagram, to name a few.

But does it make sense for you?

For some businesses, having co-founders occurs organically. You discuss a business idea with a friend or group of people and start working on it together.

However, in many cases, bringing on a co-founder (or co-founders) will be a conscious decision.

In this article, I will look at six questions that will help you determine if getting a co-founder is right for you and, if so, what to look for in a co-founder.

To read the full article, click on the title.



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Via Ivan Berlocher
Marc Kneepkens's insight:

Co-founders balance the startup team, either with a business background, or other knowledge or experience needed to guarantee the success of the startup. Going it alone is extremely hard.

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