What questions should I ask a cofounder?

Related: 4 Tips to Avoid Co-Founder Conflict

• Why do you want to start a company? (It’s important they answer why they want to start a company right now.)
• What motivates you?
• What do you do with your free time?
• How do you deal with stress and big challenges?
• What do you think I’d be most surprised to find out about you?

How to deal with a co-founder who wants to exit?

There are certain measures you can take early on to help make a co-founder exit situation easier to deal with. Creating a Founder Accord that details founders’ roles and responsibilities is a good way to help prevent future disagreement. You should also make sure to have a shareholder agreement that includes vesting provisions for founder shares.

What happens if your co-founder leaves Your Startup?

It’s also a good idea to create a founder IP agreement that includes terms that clearly define what happens if your co-founder leaves your startup. This is mainly to prevent a situation in which your co-founder leaves and is in possession of your company’s creations, opening the door to potential competition.

Should you hire a co-founder?

Professional drive and values matter. Your co-founder should have a similar work ethic to you or you’ll fall out of sync, affecting your resilience when times are tough. David Dorr, co-founder of Coro Global Inc. stresses that “having multiple founders means they all need to share a passion for the task at hand.

How do I find a co-founder for my startup?

Your network is the best place to find a co-founder. If you’re active in your industry, the right partner could already be under your nose in webinars, conferences or even competitors. “If you don’t have someone in your network,” Wheatley says, “it’s time to get networking.”