Starting up with a cofounder, a partner, a friend - Daniel Tenner
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Transcript of Starting up with a cofounder, a partner, a friend - Daniel Tenner
![Page 1: Starting up with a cofounder, a partner, a friend - Daniel Tenner](https://reader034.fdocuments.us/reader034/viewer/2022050614/54510813af79597c6c8b5237/html5/thumbnails/1.jpg)
Starting Up
Daniel TennerCofounder & CTO Woobius
danieltenner.com@swombat
with a cofounder,a partner,a friend
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£1 ----------------- ??? -----------------> £2
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FAST
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Unpredictable
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FAST
Unpredictable
:-) :-) :-) :-) :-( :-) :-) :-( :-) :-) :-)
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FAST
Unpredictable
:-) :-) :-) :-) :-( :-) :-) :-( :-) :-) :-)
++
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Why a cofounder?
Sanity
Stability
Persistence
Perspective
Skills
Horsepower
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But...
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A better process...
1. Get to know people
2. Find cofounders among them
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Or...
start up with an existing friend
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But...
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So what can you do?
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Disagreements
❖ Disagreements can happen when you haven’t discussed how to deal with things in advance.
❖ Disagreements between founders kill start-ups.
❖ Once a major disagreement is reached, it’s hard to think rationally.
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Implicit Agreements
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What do we both mean by... ?
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Don’t assume, check.
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Make agreements explicit
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How?
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Detail your agreements
❖ Explicit numbers
❖ “We’re going to give this 2 years”
❖ “I’ll be happy if we each make £50k/year out of this”
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How?
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Write things down
❖ Until it’s written down, it’s implicit
❖ People forget what they agreed
❖ Clear writing brings out disagreements
❖ Writing = coding for people
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Don’t be afraid of the bad stuff
❖ Embarrassing topics
❖ People’s circumstances change
❖ Shit happens
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Don’t make it work at all costs
❖ Grab opportunities - don’t jump off a cliff
❖ If there’s a major disagreement, seriously consider pulling the plug
❖ Trust your gut
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In short...
❖ Starting up is awesome
❖ Starting up with a good cofounder is even better
❖ But...
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In short...
❖ Make agreements explicit
❖ Detail your agreements
❖ Write things down
❖ Don’t be afraid of discussing negative scenarios
❖ Don’t make it work at all costs
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Daniel TennerCofounder, Woobius
danieltenner.com@swombat