Listly by Shyam Subramanyan
"We often get asked what cofounders should look for or ask each other. We combined our knowledge with insight from our community to create a master list of questions to ask potential cofounders" - Reproduced with permission from the Founder Dating Blog
Source: http://founderdating.com/questions-to-ask-potential-cofounders/
in general and in particular, why right now?
e.g. a technical challenge, an overall problem, helping the world, etc.
e.g. how do you unwind? How do you deal with stress and big challenges?
e.g. a sustainable business that is spinning off cash and running it forever or high growth and some type of liquidity event?
What is the expected time commitment (now, in 6 months, 2 years, etc.)?
Are we allowed to take on anything outside of the company?
Examples: the product being built, the market being addressed
Pro-tip: the only guarantee is that things will change, so if someone isn’t open to that there is a problem.
If you’re not able to go full-time now, under what circumstances would you be able to start working on something full-time?
If so, how much – now, in 6 months, 2 years, over the life of the company?
If so, how did you handle it and what did you learn? If not >> big red flag!
Could be technical or non-technical (e.g. I ran the internationalization of a site; I scaled a site to 5M users)?
Given how much time you’re going to spend with a cofounder, if you have a spouse or significant other you should have them meet the potential cofounder. Not only do they know you better than almost anyone and can give you a second opinion, but also they should know the person you’re going to spend a lot of time with.
TIP (not even a pro one): the only real way to know this is to do a side-project or start working together. Fights are healthy, how you get through them is the question
Pro tip: this will help you get a sense for they appreciate and even aspire to – design, product, tech, biz strategy, etc.
Don’t be afraid to do this, it’s important! We reference everyone in the FD network (yes, it’s true) and we still tell members to reference their potential cofounders before tying the knot
What about me?
What are the areas you know you’re not particularly good at?