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How to find the right cofounder
It’s one of the biggest reasons that startups fail, says Shahab Kaviani, the co-creator of CoFoundersLab. “More than the ability to raise money, more than the marketability of the product, more than the logo or the name of the company…” he says. It’s also the second-most important relationship of your life. “You know, your life partner being the first,” says Shahab. So what is it? Shahab says that this story is all too common: A guy quit his job to launch a business with a friend. So how do you avoid a situation like that? In his Mixergy course, Shahab walks you through that process. 1. When slicing up the ownership pie, how much should each cofounder get? “50/50 is usually not the right answer,” says Shahab. And the right answer will probably change several times as you build, launch, and grow the company. “One could be spending, you know, 30-40 hours, the other one’s only spending 10 or 15,” says Shahab. ”And then a year from now, that could be totally switched.” Re-slice the pie 2. 3.
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