jump to navigation

Two is a good number of founders May 14, 2012

Posted by jeremyliew in Entrepreneur, founders, start-up, startup.
trackback

I’ve long held that two is a good number of (co)founders. One is difficult because you don’t have a true thought partner to talk to, or to tell you when you might be being crazy. To everyone else, you’re the CEO and the boss, and that power dynamic mitigates what they are willing to tell you.

Three can lead to a “two on one” situation, which can be destabilizing. It doesn’t always have to be unstable, but it is a risk.

Four or more and the equity cuts start getting pretty small for cofounders.

Douglas Merrill (CEO of Zestcash, one of our portfolio companies) has a nice post in HuffPo about how to work best with a cofounder that is well worth reading in its entirety. I paraphrase his five rules as follows:

  1. Be different, but not too different
  2. Share core values
  3. Compromise on work styles
  4. Overcommunicate to the team about your relationship, agreements and disagreements
  5. Find a trusted tie breaker

Read the whole thing.

Comments»

1. Alex Zhardanovsky - May 14, 2012

Great read!


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: