Business
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/begin Join our Network of Top Founders Send an email to therapy@startups.com What to Listen For 00:00 Intro 00:33 Cofounders often don’t last 02:07 Cofounders should talk about what to do when things doesn’t work out 05:36 We make a binding contract with someone when the Startup longevity is uncertain 06:57 Founders don’t consider what to do if and when cofounders leave 09:16 Making a commitment at a time we know least about the outcome 14:24 Assumptions you’re making about your cofounder 21:10 Be prepared to deal with fundamentally different decision making 25:48 Plan for divorce but hope for a successful marriage 26:54 Start with a vesting agreement 31:33 Sign a commitment that when not met has consequences