dnfi sept 17 cofounders, hiring and firing: gaessler
TRANSCRIPT
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7/29/2019 DNFI Sept 17 Cofounders, Hiring and Firing: Gaessler
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FindingaGreatCo-Founder!
Gary Gaessler [email protected] - Denver Mentor 9/17/13
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7/29/2019 DNFI Sept 17 Cofounders, Hiring and Firing: Gaessler
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Startup’sAreScaryEnough:
“Successfulsingle-founderstartupsaresorarethat
they’refamousonthataccount.”~PaulGrahamfromY
Combinator.
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7/29/2019 DNFI Sept 17 Cofounders, Hiring and Firing: Gaessler
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MyStartups:28Co-Founders!
• Cinnamontoothpicks:0
• SandCandles:2
• DV8Sportswear:1
• ECAP:6-10• VoIPReview:1
• ReignNet:2
• Propadoo:2
• PayKids:3
• Cloud9Express:3
• CloudElements:3
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7/29/2019 DNFI Sept 17 Cofounders, Hiring and Firing: Gaessler
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Co-Founders:
• Theonlyshipthatdoesn’tfloatisapartnership• Co-Founderspeeddang• Alwaysbesellingthedream
• Similaralignments
• Minimalcommitment=minusculeresults
• EndGoal?
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7/29/2019 DNFI Sept 17 Cofounders, Hiring and Firing: Gaessler
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LessonsLearned:
• Datelotsofpotenalpartnersbeforeyouget“married”
• Keep#ofpartnerstoaminimum
• Createananidealpartnercriteriawishlist• Neverevertakeanunemployedcorpguy!
• Nevertakeacorporateguyperiod!
• Nowannaprenuers• Previousstartupfailureaplus!
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7/29/2019 DNFI Sept 17 Cofounders, Hiring and Firing: Gaessler
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LessonsLearned:
• Nofriends,familyorrelaves
• BowlingandNachos• Trustyourgut• Recruitbasedonstrengths• Eachpartnerputsinequal$&me
• Equityisearnednotgiven• Whoisdoingthemostwork?
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7/29/2019 DNFI Sept 17 Cofounders, Hiring and Firing: Gaessler
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Aerthe“Honeymoon”:
• Having“kids”together• Leanmode
• Becheap-buthavefun• Facemeisveryimportant
• Alwaysshootstraight• Don’thirefriends,butbecomefriendswithyour
Partners
• “MarriageCounseling”
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7/29/2019 DNFI Sept 17 Cofounders, Hiring and Firing: Gaessler
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TechnicalFounders:
• Youdon’tfindatechnicalco-founder,youearnone– JasonFreedman
• WhywouldaTFworkforyourventure?
• Sellthevision• WhatideasdoyouhavetorecruittopTF’s?
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7/29/2019 DNFI Sept 17 Cofounders, Hiring and Firing: Gaessler
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InSummary
• Bepicky-takeyourme
• Interviewabunchofco-founders• Structureequityearndealwithcliff
• Havehighexpectaons• Similarvaluesandworkethic
• Startwiththeendinmind