Ask HN: Would you start a new venture with your significant other?
I've done a few startups and my significant other hasn't. But, she's taken a big interest in my next project, mostly because I told her I wanted to build an app to be used / debut at our wedding. She's involved in the creative stuff and has great business sense. I've founded a few companies, former developer, product management / customer development experience, decently networked, etc. Has anyone done this before? How has it worked out? What should I watch out for?
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[ 3.1 ms ] story [ 36.3 ms ] threadMy personal experience has been if you two communicate well and can work together well on other tasks, then it is just extending the partnership. With my wife now she is involved in aspects of the business and does awesome things for the business. However, she doesn't want a day to day role because she likes having some separation, which honestly has really been the best for us.
We work really well together because we respect each other for what we bring to the table, and for the most part we can swallow our egos.
I'd say for what to watch out for: having separate time is important, having the ability to separate work from home is critical, having time set aside where work topics are not a focus etc. Respecting each others decisions and abilities as well as checking the ego is very important. I don't believe it is possible to say you can't talk about work at home etc, but you have to be able to have conversations about life outside of the job. To me that is no different than dedicating time to work out, having hobbies together etc.
Both our current company and our last one were in the adult space (sex toy design and manufacturing, and our adult mobile app store). For a few years we ran both companies simultaneously, mostly from home in a room that was both our bedroom and office (because 1. #startuplife and 2. adult startups don't usually get funding that affords us office space). We even moved to a small factory town in China for a couple of years to lead a group of designers and engineers and oversee manufacturing, where we had no friends aside from each other.
Sounds maddening, doesn't it? Except it isn't.
Some might say there are a lot of land mines here. Having virtually no separate life from your partner is dangerous, working in the adult space can be hazardous to your sex life, the pressures of running a company can turn you against each other. But only you and your partner know how you tick together. I believe that as long as both of you are putting your all into it (the relationship and the business) AND you genuinely love and admire your partner for who they are, vice and virtue, it can be an incredibly rewarding experience. You'll both be working for the same dream personally and professionally. Remember some of the greatest companies in the world are family-owned.
Things I would look out for are not so much about what your partner does or their personality traits, but more about how you both are together. How do you argue? How do you make up? Do you turn to each other when you're under stress? Do you value each other's input? Do you inspire each other? Can you tell each other when the other is slipping up? Can you handle harsh criticism from the person you're most vulnerable to?
If you haven't already, you need to learn how to argue. Say what you mean, criticize what they do not who they are, and when you're done, apologize right away. Both of you. Actually, both of you should get used to apologizing a lot. I've found that because you're under a lot of stress, the smallest jab can become a war wound. Likewise, offer accolades often too. Unlike traditional business partnerships, you don't get a lot of emotional distance when you work with your significant other. I'm not suggesting you coddle each other either. You need to learn how to give and take criticism with the understanding that it can be emotionally charged and received.
You should inspire each other and feel accountable to each other to work efficiently and effectively. If either of you don't feel this way about the other, I'd advise against working together because inevitably one or the other will feel they're pulling all the weight. You don't get extra leeway because you're sleeping with your business partner.
Speaking of sex, embrace the quickie. Because, let's face it, you're not gonna have a lot of time all the time.
Lastly, and importantly, don't shit with the door open. Also, take a shower, brush your teeth, put on pants. Keep some of the little mystery you have left. :)
There have also been some spectacular meltdowns too, and in general, intimate relationships between senior executives tends to correlate to dysfunction.
A lot will depend on your personalities and skill sets. You will get pushback from some investors (though traction has a tendency to quell pushback of all kinds). But you could do worse than starting with someone who deeply understands your target audience -- and with whom you know you're compatible.
I'd do a "pre-nup" agreement on which one of you is going to bounce if it doesn't work, and call it an experimental situation.
There's business. There's what's actually important in life.
Good luck.
Also, I think it's good for our relationship because we share the same hobby. I don't know how it's going to be when working together on something that isn't a side project, but a day job.
In fact I've walked away from job-offers in the past when I found out that it was a husband-and-wife team running the show. As an employee I need decisiveness and absolute objectivity in my leadership. I need to know that there are no other factors at play when they make decisions that affect the company and staff.
It is certainly possible to run that kind of mom-and-pop shop (one where there is a wall between business hours and home-life)...but as the leaders of that company you two will be the only ones who know you're really being objective. Everyone else will need to take this claim on blind faith, and that's just too much to ask in most cases.