article thumbnail

5 Equity Distribution Parameters For Key Contributors

Startup Professionals Musings

I always tell entrepreneurs that two heads are better than one, so the first task in many startups is finding a cofounder or two. Giving a cofounder a salary won’t get you the “fire in the belly” you want. Each cofounder should get equity for value, based on these key variables: Lived a key role in a previous startup.

article thumbnail

7 Likely Criticisms Every Founder Needs To Anticipate

Startup Professionals Musings

In my role as an advisor to entrepreneurs, I often find founders who have such conviction and passion for their new idea, that they can’t believe anyone could challenge it. Bacharach, Cornell Professor and cofounder of the Bacharach Leadership Group. Negotiate the time and resources to do a trial, and measure results.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Technical Cofounder Tells You How To Find Your Technical Cofounder, Where The Stuff We Return to Amazon Goes, a Benchmark VC on Rethinking Your AI Startup, and More….

Hunter Walker

.” What Happens to All the Stuff We Return [David Owen/New Yorker Magazine] – How online shopping and reverse logistics tilted a bunch of assumptions about returns (and costs of return policies) on their heads. “So, my main takeaway for nontechnical founders: Don’t wait. The former start the work.

article thumbnail

5 Keys To Negotiating Your Fair Share Of Any Startup

Startup Professionals Musings

I always tell entrepreneurs that two heads are better than one, so the first task in many startups is finding a co-founder or two. Giving a co-founder a salary won’t get you the “fire in the belly” you want. Each co-founder should get equity for value, based on these key variables: Lived a key role in a previous startup.

Cofounder 435
article thumbnail

How Much Founder Stock Should You Offer Co-Founders?

Startup Professionals Musings

Two heads are better than one, so the first task in many startups is finding a co-founder or two. Giving a co-founder a salary won’t get you the “fire in the belly” you want. Each co-founder should get equity for value, based on these key variables: Lived a key role in a previous startup. Amount of venture funding provided.

Cofounder 261
article thumbnail

How to find the right cofounder

NZ Entrepreneur

Wondering how to find the right cofounder but don’t know where to start? If you are a solo founder, you may be able to do it all on your own initially but you’re making it very difficult for yourself. In my opinion, founders or early stage companies should only have a team of two or three people. This will never work.

article thumbnail

Why Founders Should Know How to Code

Steve Blank

I was driving home from the BIO conference in San Diego last month and had lots of time for a phone call with Dave, an ex student and now a founder who wanted to update me on his Customer Discovery progress. neither you nor your cofounder can code and you’re building a mobile app? This was a great call. I said, “Help me understand.

Cofounder 336