Never stop looking.

Editor’s note: This article is from WeChat public account “True Fund” (ID: zhenfund), the author of the real fund.

Looking for co-founders: The first step to a great company

In the 7400 successful startups listed in Crunchbase (where “success” is defined as financing more than $10 million), more than 55% of companies have at least two founders. In this way, finding a partner, although not necessarily a necessary condition for success, is definitely worth considering.

A start-up company has only one founder. What is the problem?

First of all, this is hard to arouse people’s confidence. It means that the founder can hardly convince any friend to believe what he is doing and is willing to start a business with him. This is very worrying, after all, a person’s friend is the person who knows him the most.

Assuming the founder’s friends are all wrong, his company really has great potential that people have not yet discovered, but he is still at a disadvantage. Entrepreneurship is too difficult, even if you can do all the work by yourself, you still need other people to brainstorm together, try to avoid stupid decisions, or cheer for you when problems arise.

The last point is probably the most important point.

Once a startup encounters a downturn, this downturn tends to be low, so low that it is difficult to bear alone. When you have a founder, the so-called “teamwork” will tie everyone together: everyone will do their best because “I can’t let my friends down.”

This is one of the most powerful forces in human nature, but when there is only one founder it will disappear without a trace.

Finding the perfect candidate is naturally a long and arduous process. But more importantly, what qualities should a good co-founder have? Where can you find such a co-founder?

What made a good co-founder?

1. Complementary skills

The popular slogan of choosing a co-founder is: “One tube manufacturing, one tube sales.”

When making decisionsThe addition of another “self” does not bring extra value, while the core weakness remains unchanged.

It’s certainly easier to connect with people with similar skills and backgrounds, but working with someone who complements you will greatly increase your chances of success.

Looking for co-founders: The first step to a great company

2. The same passion

“You need a team that cares about it like you.”

The ideal co-founder will recognize and have the same motivation, mission and passion as you.

The real inner driving force should be spontaneous, not imposed. Seeing the passion of the co-founders every day will also motivate you to complete your mission.

Looking for co-founders: The first step to a great company

3. Adaptability

Your company may transform. Very likely.

In fact, 73% of start-ups must transition to another market over time, because their initial market is often not as fertile as accepting their products and services as the founders hope.

Therefore, your partner should also have this ability. In any case, your startup will definitely face some challenges that cannot be predicted in advance, so adaptability becomes critical.

4. If you disagree, say earlier

The differences will happen sooner or later.

Startups need a flexible, creative, open-minded team. When looking for co-founders, pay close attention to how TA handles conflicts. There are certain differences, and every conflict should be taken as an opportunity.

Statistics show that 62% of startups ultimately fail because of conflicts between co-founders.

You don’t want to dismiss your startup because of problems that can be solved in advance. So you should try the water depth before stepping into a river and ask yourself these questions:

  • When you and your partner have different solutions to one thing, can you reach a compromise?

  • If your technical partner disapproves of a feature, will he still complete the development?

  • Can your partner accept and handle failures? Will he insist on trying it without hesitation?

Looking for co-founders: The first step to a great company

5.Emotional support

This is often overlooked as a less serious problem.

Data shows that entrepreneurs are more likely to fall into depression. This is a matter of course. After all, it is really difficult for a startup to survive. There are many challenges and failures waiting in front. And sometimes, you did the right thing and ended up failing.

It is unrealistic to make a psychotherapist a co-founder. However, working with friends for 10 hours a day may provide more emotional support.

Being a good friend before starting a business is often proven to be very helpful, but it is not required. After all, if your best friend makes a very bad idea, it is difficult to refute him.

Looking for co-founders: The first step to a great company

Where to find TA?

The business partner you want may come from anywhere. The person you are looking for is probably doing the same thing. He/she may also be reading this article now.

The obvious way is to look around and never stop looking.

1.Local social activities

The choice of which activities to participate in should depend on what kind of business partner you are looking for.