Show notes
In today’s Startup Therapy Podcast, Wil and Ryan talk about cofounder breakup. Likened to marriage, having a cofounder requires commitment that comes with consequences when and if the Startup fails and coming up with an action plan when the business turns out to be a total flop. Sign up for the Startups Newsletterhttps://www.startups.com/newsletterResources:Startup Therapy Podcast https://www.startups.com/beginJoin our Network of Top Founders Send an email to [email protected] What to Listen For00:00 Intro00:33 Cofounders often don’t last02:07 Cofounders should talk about what to do when things doesn’t work out05:36 We make a binding contract with someone when the Startup longevity is uncertain06:57 Founders don’t consider what to do if and when cofounders leave09:16 Making a commitment at a time we know least about the outcome14:24 Assumptions you’re making about your cofounder21:10 Be prepared to deal with fundamentally different decision making25:48 Plan for divorce but hope for a successful marriage26:54 Start with a vesting agreement31:33 Sign a commitment that when not met has consequences