#business
# [[Epistemic status]]
#shower-thought #to-digest
# Related
- [[Human discovery]]
# Cofounder interview
https://joinhampton.com/blog/the-template-that-made-sure-my-co-founder-and-i-were-perfect-partners
### OLD
>A friendship founded on business is better than a business founded on friendship.
>~ [[John Rockefeller - John D. Rockefeller on Making Money Advice and Words of Wisdom on Building and Sharing Wealth|John Rockefeller]]
Bunch of question to check if both parties can be on the same boat (opinionated)
1. **Why do you want to do this startup? What are your personal goals here, both financial and non-financial?**
2. **What will our roles and titles be? How will we divide responsibilities? Who will be CEO?**
Roles inevitably change a lot over time, but you should have a plan for what you’ll each work on for the first 6-12 months, and decide on who will be the CEO (and what the CEO’s responsibilities are).
3. **How will we split up equity?**
It’s important to resolve this one early. This [section](https://yc.link/10-questions-cf-equity) of the co-founder matching manual may help.
4. **Where will the company be based? Where will we each live? Will we work together in-person or remotely?**
5. **What idea will we work on? If that idea doesn’t work out, are you willing to change the idea? Are you only interested in working on ideas in certain areas?**
6. **What needs to happen for each of us to go full-time (quit other jobs or school commitments)?**
I.e., We’d have to raise at least $xx from investors, we’d need to validate the idea with a paying customer, we’ll do it if we’re enjoying working together in two months. Obviously, this is N/A if you are both full-time already.
7. **What is your personal financial situation? Are you willing to work for free and live on your savings? For how long? If you'll need a salary to work on this full-time (either now or at some point), how much do you need to feel comfortable? Will either of us put money into the company?**
8. **What will our typical working schedule be (what days we work, what hours / day, etc)? How long do we want to keep that up? Are there any things outside of work that are important to you to make time for?**
9. **If we are successful enough to get to build a team of employees, are there things that are important to you about how we do that? I.e., building an in-person vs remote company, having certain cultural values, having a particular approach to hiring or managing people?**
It’s fine if you don’t have strong opinions on this yet.
10. **What will we do if we’re having trouble agreeing on an important decision? What will happen if we decide we don’t want to work together anymore?**
I believe relationships must necessarily start personal, then "professional" (I don't like this word, there is no such thing as professional for the entrepreneur, everything is a game to him)
https://cofounders.gust.com/
- what is wealth? are you interested in wealth? Why?
- What did you learn recently?
- What kind of [[Information|information]] do you consume on a daily basis?
- [[Warren Buffett]] goals:
- what are you top 25 life goals? just take the 5 most important and do not spend the single second on the 20 others. So what are your 5 goals?
## Grid of expectations
Make a Google sheet with column "founder a, b, c, d" and row
- Working style
- Hygiene factors
- Ambition & motivation
- Founder compensation; equity; decision making
- Team & culture
- Idea development
# External links
https://www.entrepreneur.com/starting-a-business/date-your-co-founders-before-you-marry-them/367542
# To sort
* A complementary temperament
* Different operational skills
* Similar work habits
* Self-sufficient
* A history of working together
* Emotional buoyancy
* Total honesty
* Comfort in her own skin
* A personality you like
* The same overall vision
Is this someone who you trust to:
1: Lead a town hall presentation in front of 100s of employees?
2: Represent the company well in front of any audience?
3: Communicate with high integrity through major disagreements?
4: Commit to serious ongoing personal growth?
5: Stay committed through the toughest times?
## new 210623
- what do you find yourself regularly doing on saturday morning?
- What did you learn recently?
- What have you been curious about lately?
- What are the websites you spend the most time on?
- What do you usually do on the evening?
- What do you usually do on the weekend?
- Ever done a startup? What hapenned?
- Ever had co-founder(s) issues?
- If you had to come up with 3 words to describe the culture you want to create, what would they be?
- What are your respective personal goals for a startup?
- If you had to give 3 variables that you use to rank a start-up you would work on, what it would be, with their weight? (example: people in the startup can do handstand 0.9)
- What do you do for the birthday of your parents?
## 070923
- what would make us divorce?
## 200324
- Dating cofounders is like romantic dating, everyone should be confident, non-needy, not over-invested/reliant on the other, and independent, as [[Mark Manson - Models - Attract Women Through Honesty|Mark Manson]] says it well, or [[Jiddu Krishnamurti - On Love and Loneliness|Jiddu Krishnamurti in On Love and Loneliness]]. Is your potential cofounder needy, craving, thirsty for you?