Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

Thoughts on getting to know your CoFounder?

Backstory:
  • I am at infant the stage.
  • Building Prototype for Beta Users
  • Bootstrapping everything to date.
  • Found my best candidate and most interested Candidate as of two weeks ago.
<End of Backstory>

Ok.

This seems like one of those questions that particularly answer itself, however, is it odd or wise to get to know somebody on a personal level before diving head first into something? Again, another question that answer itself and I am assuming most of the people will answer, 'yes.'

How do you ask your "most likely" candidate to participate in a "team building exercise," without painting a tone of "I have trust issues?"

Then, and if all obstacles avoided, what is ideal? Round of Golf? Catch me while I blindly fall? Swim underneath a ship? Climb Mt. Everest? :)

And what if going through this, a yellow or even a red flag emerges? Yes, another question that seems quite automated in nature, but, stories on possible red flags and action on ways to depart?

5 Replies

Isaiah McPeak
3
0
Isaiah McPeak Advisor
Entrepreneur and Debate Coach

Don't do something weird or contrived; do something you like

You're an entrepreneur. That makes you slightly dysfunctional :-) Don't pretend to be functional to build a team, if that sets an expectation of someone you're not. You SHOULD work on this area, but don't go golfing if you never go golfing, don't meet at a bar if you never do that.

If you watch movies, go to the theatre. If you like soccer, do what I'm doing with my new and still-getting-to-know-each-other-#awkward core team... we got Groupon tickets to a round of Soccer Golf, which none of us have ever tried.

So: what do you normally do that's enjoyable? Do that.

Do Share Personality Profiles

Some people may flay me for this, but I don't think it matters which one you use... a decent Meyers-Briggs, StrengthsFinders 2.0 for $10, DISC, something else, all three... the point is that discussing observed strengths and weaknesses (and even complaining about the test!) will start the conversation and begin trust-building and mutual admiration.

Do Use Behavioral Interview Topics

If you need to create a structure time or medium, I suggest the book 1,001 Questions to Ask. I actually don't know what it's really for, but my wife and I have both enjoyed asking each other tons of questions in here and I've used many of these and others like these to elicit stories. And that's what you really want... some honest stories of the past: big mistakes, big successes, what others would brag about you about, and stuff like that.

Don't React Quickly

Learning about someone is a slow process. Deciding that a red flag is a red flag should be the same way. If you don't have your mindset wired like this, then you're not going to succeed at creating trust, which is the point. Trust requires vulnerability, and that means you know someone's "not pretty." But don't expect all of it early on either. Like I said, time is important. You've made a commitment it sounds like (whether or not the timing was right, without already knowing some of this stuff, is a different topic... it's done), so make sticking to your commitment in a vulnerable fashion part of the trust building olive branch you have.

Legal stuff... just like you don't propose on your first date, don't give away 10% of the company on your first week. Have protocols in place to get someone off the ship if they must be off the ship, but make the terms reasonable on both ends and subject to mediation or something.

The Real Concern: Once You Succeed

I think the fears you've expressed deal more with "did I make the right choice?" "what if this person isn't what I thought?" sort of scenarios. I think the far more difficult scenario is the "what if this becomes a highly valuable business?" scenario. And what you do now should lay the foundation for a healthy outcome then.
Chuck Stormon
2
0
Chuck Stormon Advisor
CEO at RushTera and MD at Kyros & StartFast
Craig, I tend to jump off a cliff and see what happens. The cliff is a 6-month period during which time if your new co-founder leaves or is asked to leave, he/she leaves with no equity. Standard vesting agreements have them (cliffs, that is). That way, you start working together and if you can live without them after 6 months or less, you can part without screwing up your cap table. Best regards, Chuck
matt
1
2
matt Entrepreneur
Web Developer
Good questions Sent from my iPhone
Richard Harris
1
2
Richard Harris Entrepreneur • Advisor
Top 25 Inside Sales Leader, Public Speaker, 40 Most Inspiring Leader, Sales Trainer, Start-Up Advisor, SalesHacker
I would guess any reservations you are having the other party is also experiencing.

I've always thought it.
makes sense to acknowledge this upfront. Remember you are both interviewing each other, so it's a two way street.

I would be direct and say something like, "Hey, it seems like we make a good fit on paper. I definitely want to continue exploring this but as you know finding a co-founder is probably harder than finding a spouse.

So if we both agree, I think we should continue the dialogue and acknowledge that either one of us might decide its not the right fit, and if so let's just say that so we can both move on.

Does that sound fair?"


Tristan Tilma
2
0
Tristan Tilma Advisor
Owner @BMP --Driving Business Development Efforts For Amazing Companies Like Magnet, Xendo, Oomnitza, and Endless
Craig,

I like Richard's comments. Be straight up with the guy.

Be vulnerable and tell him how you truly feel. He'll get it, and if he doesn't, he's not your guy.

But don't think too much about it. Make a decision and go for it. But once you've made your decision, embrace it!
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?