← Frameworks

non escalator cofounder relationship menu

Sep 1, 2023

Cofounder-alignment checklist

Co-Founder Relationship Menu

  • Use this tool to discuss and identify your expectations, roles, and responsibilities in this co-founding partnership.
  • Add, alter, and remove menu items as needed.
  • This is only the start of an ongoing conversation.

Commitment

  • Formal legal partnership
  • Verbal commitment
  • Written contract
  • Exit strategy
  • Vesting schedule
  • Non-compete clauses
  • Working full-time on the project
  • Future planning and vision alignment

Emotional Support

  • Being transparent about highs and lows
  • Expressing challenges and concerns openly
  • Supporting each other’s mental well-being
  • Being each other’s cheerleader
  • Openness to receiving and giving constructive criticism

Communication

  • Regular check-ins (daily/weekly)
  • Clear communication channels (Slack, Email, etc.)
  • Setting meeting agendas and goals
  • Discussing and reflecting on failures/successes
  • Conflict resolution strategies
  • Transparency about other commitments

Financial Management

  • Joint bank account for the business
  • Clarity on financial contributions
  • Revenue share agreement
  • Compensation (salary/equity)
  • Budgeting and financial planning
  • Clarity on who manages the finances

Social Integration

  • Meeting each other’s extended professional network
  • Openness to networking as a team
  • Presenting as a team in professional settings
  • Attending events and conferences together
  • Social media presence as co-founders

Quality Time

  • Regular in-person meetings
  • Team building activities
  • Scheduled brainstorming sessions
  • Working in the same physical space

Autonomy

  • Respect for personal work styles
  • Time for independent projects or roles within the startup
  • Flexibility in work hours
  • Equal decision-making power

Skill Set & Roles

  • Defined roles based on skill sets
  • Clarity on responsibilities
  • Openness to outsourcing or hiring for gaps
  • Professional development goals

Other Considerations

  • Add any other elements that are important to you in this co-founding relationship.
← back to Frameworks