• Keep digging until you get answers if your co-founder excludes you from decision making, hides important things from you, or ignores your questions.
• If your co-founder repeatedly makes misleading or false statements and it makes you uncomfortable (e.g. to the media, co-founders, investors, etc.), talk to them about it sooner rather than later.
• If you don't know your potential co-founder, then call their references! These will be the same references they provide when fundraising, so it will doubly help your company succeed.
• Leaving 100% of the legal and 100% of press interviews to your co-founder is a very bad idea. This makes it very easy for them to throw you under the bus.
• If your co-founder makes seemingly illogical decisions, ensure you understand why.
• Don't let your co-founder continually delay important things at your expense, even if they provide excuses. For example, not putting things in writing, not giving you equity they promised, etc.
I worded these strongly because in my first startup I had complete trust in my co-founder and always assumed best intentions, even when it became obvious I should not.
In retrospect if I had recognized some of the above as red flags earlier and discussed them candidly with my co-founder, then our company may have had a better outcome. Just as in any relationship, communication is key!
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[ 3.2 ms ] story [ 15.8 ms ] thread• If your co-founder repeatedly makes misleading or false statements and it makes you uncomfortable (e.g. to the media, co-founders, investors, etc.), talk to them about it sooner rather than later.
• If you don't know your potential co-founder, then call their references! These will be the same references they provide when fundraising, so it will doubly help your company succeed.
• Leaving 100% of the legal and 100% of press interviews to your co-founder is a very bad idea. This makes it very easy for them to throw you under the bus.
• If your co-founder makes seemingly illogical decisions, ensure you understand why.
• Don't let your co-founder continually delay important things at your expense, even if they provide excuses. For example, not putting things in writing, not giving you equity they promised, etc.
In retrospect if I had recognized some of the above as red flags earlier and discussed them candidly with my co-founder, then our company may have had a better outcome. Just as in any relationship, communication is key!