What is the best way to find a cofounder online?

It is usually better to find a co-founder within your circle of known folks. However, if you have tried all of that and are unable to and if you must cast your net wider, LinkedIn is what I would bet on to ‘narrow down my choices’ and then target specific people for a ‘conversation’.

If you connect with someone whom you think could be a good co-founder, once you have a match of excitement for the idea and a sense of commitment, I would encourage you two to have long and detailed conversations of various scenarios about the business to ensure that there is broad agreement on the vision, direction, aspirations, values, expectations, goals – personal and professional, family circumstances – financial and personal, etc.

Of course, in all of this, the chemistry has to match and you need to be able to tolerate each other’s working styles. (Generally it is good to work with someone you know because you are likely to be aware of their personality, working styles, weaknesses, etc. and therefore the chances of stress due to ‘new discoveries about your cofounders personality’ is likely to be lower).

Essentially, if you decide to co-create a company with someone you have not known before, you should try to speed up the process of getting to know as many aspects of each other’s personality and aspirations that may impact the business in some way.

Advertisements

Author: Prajakt Raut

Prajakt Raut is the founder of Applyifi.com, and author of the book for startups - ‘Starting Up & Fund Raising’ Prajakt personal goal in life is to encourage and assist a 100,000 people to become entrepreneurs. _____________ Prajakt is the founder of Applyifi - an online platform that provides startups a 36-point scorecard and assessment report on the venture's investment readiness [www.applyifi.com], and helps them improve their odds of getting funded. Prajakt is also the founding partner of The Growth Labs, a platform where growth-stage companies get sharp, incisive advice from senior professionals and experienced entrepreneurs. [www.thegrowthlabs.in] Before starting Applyifi, Prajakt was the head of operations at IAN, founding member of a leading incubator, and the Asia-Director for TiE (2004 - 2007). Previously Prajakt had co-founded Orange Cross, a healthcare services company, and was part of the founding team member of Idealake Technologies. While in college Prajakt had founded a printing business and has spent over 10 years working in leading advertising agencies. Prajakt’s book, ‘Starting Up & Fund Raising’, helps startups understand an investor’s perspective, and helps them improve their odds of getting funded. The book also helps entrepreneurs understand the building blocks of a business.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s