Cofounder Success: Cofounding a Team the Right Way
Gain essential knowledge from seasoned individuals for a successful cofounder relationship and follow a proven roadmap to enhance your chances of success.
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Last updated
10/2024
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Overview
Congratulations on discovering a brilliant idea and deciding to start a company with your best friend and brother. However, in the rush of excitement, you failed to delve into each other's expertise, motivations, and resources. Despite your love for each other, you divided the equity ownership into even thirds. Two months later, you realize your best friend has contributed very little and intends to leave the company while keeping his 1/3 share.
Now, you and your brother are carrying the workload while your best friend receives an equal share of the profits. This situation highlights the importance of understanding the basics of forming a strong cofounder relationship before diving in. While you may be enthusiastic now, it's crucial to consider the potential consequences of neglecting due diligence.
I frequently encounter the aforementioned statement, yet... two-thirds of startups ultimately fail due to disagreements among founders. Founding a business is not as straightforward as drafting an agreement and sealing it with a handshake. In reality, there are 7 essential steps to establish a founding team that will thrive and endure.
This course is structured into 7 steps along with 2 bonus lessons. We strongly recommend completing all of them. If you are only interested in specific steps, feel free to choose the ones most relevant to you.
Step 1: Determining if having a partner is the right choice for you
Step 2: Identifying the qualities to look for in a cofounder
Step 3: Preselecting your cofounders
Step 4: Establishing a relationship with your cofounders
Step 5: Defining roles and responsibilities
Step 6: Equitably dividing ownership
Step 7: Formalizing it in a Cofounder Agreement
Bonus A: Negotiating and learning from cofounder conflict
Bonus B: Rectifying cofounder mistakes
This course will equip you with comprehensive knowledge before embarking on the entrepreneurial journey with a cofounder. Don't enter a founder relationship blindly; leverage the experiences of seasoned individuals and follow a proven roadmap to enhance your chances of cofounder success.
If you're prepared to contribute to changing the world by establishing your dream company with a cofounding team, we look forward to seeing you in the first lesson!
Who this course is for
New business owners
Entrepreneurs
Co-founders
Startup founders
Business partners
Testimonials
The animations and way of teaching was very good ~ Shubham B
The course is very informative ~ Frederick A
Yes, indeed! Thanks for the learnings ~ Ethel V
If E-Lectures aren't your cup of tea; this informative and interesting presentation gives PDF versions of each lecture which are hand-formatted and beautifully made. Amazing Course ~ Theo M
This course is short but brilliant. It's well designed, the content is pure gold if you are looking to start a business. Much recommended ~ Y Guillon
What you'll learn
Learn how to find the perfect cofounding team that meets your qualifiers
Learn how to analyze and pick cofounders that fill your company gaps
Use a proven strategy to document the essential requirements to avoid cofounder confrontation
Use a systematic approach to dividing up company equity
Use custom built calculators to arrive at fair equity splits
Learn how to use milestones and vesting to protect yourself from a "bad cofounder" relationship
Understand the three different frameworks for splitting equity
Learn about and access a "Cofounders' Collaboration Agreement" to protect your interest in the company
Use resources to help you negotiate and fix future cofounder problems
Requirements
Be willing to protect yourself from a poor cofounder relationship
You have an open mind and the willingness to build a REAL cofounder relationship
Be willing to avoid cofounder conflict at all costs!
Overview
Congratulations on discovering a brilliant idea and deciding to start a company with your best friend and brother. However, in the rush of excitement, you failed to delve into each other's expertise, motivations, and resources. Despite your love for each other, you divided the equity ownership into even thirds. Two months later, you realize your best friend has contributed very little and intends to leave the company while keeping his 1/3 share.
Now, you and your brother are carrying the workload while your best friend receives an equal share of the profits. This situation highlights the importance of understanding the basics of forming a strong cofounder relationship before diving in. While you may be enthusiastic now, it's crucial to consider the potential consequences of neglecting due diligence.
I frequently encounter the aforementioned statement, yet... two-thirds of startups ultimately fail due to disagreements among founders. Founding a business is not as straightforward as drafting an agreement and sealing it with a handshake. In reality, there are 7 essential steps to establish a founding team that will thrive and endure.
This course is structured into 7 steps along with 2 bonus lessons. We strongly recommend completing all of them. If you are only interested in specific steps, feel free to choose the ones most relevant to you.
This course will equip you with comprehensive knowledge before embarking on the entrepreneurial journey with a cofounder. Don't enter a founder relationship blindly; leverage the experiences of seasoned individuals and follow a proven roadmap to enhance your chances of cofounder success.
If you're prepared to contribute to changing the world by establishing your dream company with a cofounding team, we look forward to seeing you in the first lesson!
Who this course is for
Testimonials
What you'll learn
Requirements
Course Content
10 Sections 28 Lectures 3h 6m total length
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