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.