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You definitely want a contract in place. Depending on whether you're a full partner (with 33 or 50% equity) vs a contributing member, you may want to use a SAFE or simple agreement for future equity. Splits in work and responsibility are definitely tough, especially when you're offering a very ...

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1) Look up local universities and email the chairperson of whichever programs relate to the type of cofounder you need (i.e. electrical engineering, marketing, etc.). You could even possibly go there in person and put up a sign on a bulletin board. 2) There may be relevant Meetups in your area, ...

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In my last two start ups I have invested heavier into my team than i have in the past and it has paid off big. Hiring an expert in their position has proven to be one of my most successful and stress free action in business. I will add this to my best practices. If you want to learn more about ...

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Great question. Happy to have a conversation on this (I currently have a reduced launch rate) and explore your options but here are my top tips. 1) Tailor my advice to your business's niche and obviously look in that area, but for example great cofounders could probably be found as follows - cont...

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If you're talking about building your own communication device, then you'll need someone who has experience building hardware and the software required to control it. But anyone you're going to talk to is going to need convincing that you can provide the capital necessary to get this off the gro...

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Great situation you have found yourself in! Good for you! What your friends are doing and putting you through is common. When I have given out shares I calculate several things: 1. time they will be involved in the company. 2. the value they provide in the scalability of the business - not th...

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You have to be careful on selecting your co-founder. I know it's an already cliché to mention it, but selecting one is like selecting a spouse to marry. You need to know the person first, and even some investors and accelerators dismiss automatically startups because the founders didn't meet be...

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A couple of things: 1) Picking a co-founder should be treated as seriously as picking your wife or husband. So the best way to avoid conflicts is to really date as long as possible. 2) 50/50 splits almost *never* work between co-founders. Unless you are already very close friends with a lot o...

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Hi, If you were going to sell the business, the first thing a knowledgeable buyer (or investor) would do is normalize the wage expense vs. fair market. If you and the other founders are not paying yourselves what you would earn working for a stranger, then your financial statements are meaningle...

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