How to Choose the Perfect Co-Founder

Finding the right co-founder for your startup can be critical to reaching success. Get valuable insights from Dr. Noam Wasserman, Author of "The Founder's Dilemma", for what you should do to select the best person.

Being a startup founder is a lonely job. Although, it might be less lonely if you have a co-founder. But not all colleagues, friends, or relatives would be the right fit  – even if you think you know them. This is why it’s important to know how to choose a co-founder so that you can eliminate potential problems upfront.

In this video, Dr. Noam Wasserman discusses the importance of the co-founder relationship and provides tips and data points on how to choose the best co-founder for your startup. He discusses when communication and emotional support is lacking between co-founders, the need for difficult conversations, and the importance of addressing biases for compatibility. Dr. Wasserman emphasizes the critical element of vetting potential co-founders based on skills, values alignment, and style compatibility.

Here’s a few important points discussed about co-founders:

  • Founders often struggle with finding emotional support and having difficult conversations due to the loneliness of the role.
  • Vetting potential co-founders based on skills, values, and compatibility is crucial for a successful partnership.
  • Front-loading discussions and setting expectations early on can help avoid future conflicts and challenges. 
  • Open and honest communication is essential for building a strong co-founder relationship.

In addition, Dr. Wasserman also discusses the challenges of seeking emotional support from investors and the potential conflicts of interest in the founder-investor relationship. The often tenuous relationship with investors highlights why a co-founder is someone who can help fill the need for emotional support.

Dr. Noam Wasserman

Dr. Noam Wasserman

Author "The Founder's Dilemmas"

Bio

Dr. Wasserman's research focuses on founders’ early decisions that can make or break the startup and its team.

Dr. Noam Wasserman

Author "The Founder's Dilemmas"

Bio

Dr. Wasserman's research focuses on founders’ early decisions that can make or break the startup and its team.

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