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HOW TO FIND A CO-FOUNDER



             THE 21st CENTURY WAY
Wednesday, March 6, 13
THIS PRESENTATION IS FOR THE 90% OF YOU
    WHO ARE LOOKING FOR A CO-FOUNDER
  (COMPLEMENTARY TALENT, CAPITAL, ETc...)


Wednesday, March 6, 13
SURE YOU KNOW ABOUT
               READ


                     LEAN STARTUP
               BUT HOW DO YOU BUILD the
              HYPOTHETICAL DREAM TEAM?
                                 *


Wednesday, March 6, 13
IF YOU have JUST begun building YOUR STARTUP YOU SHOULD KNOW
        THAT BUILDING A PRODUCT is not YOUR BIGGEST CHALLENGE
                   its KEEPING YOUR TEAM TOGETHER!

 (65% OF STARTUPS FAIL BECAUSE OF MANAGEMENT
         ISSUE WITH THE FUNDING TEAM)
                         Read FOUNDER’S DILEMMAS FOR MORE INFO




Wednesday, March 6, 13
WHAT EXACTLY IS A FOUNDER?




Wednesday, March 6, 13
Get Shi
                                                                               Real thi            t
                                                               s)                         ngs (you done
                                               thing (inventor                                      can see
                                       From no iating ideas           ..                       etc...       them)
                                          By assoc xisting ideas etc.
                                                  ng e
                                  By com plementi




       “FOUNDERS ARE INDIVIDUALS WHO CREATE, EXECUTE,
       AND INVEST IN IDEAS TO TURN THEM INTO STARTUPS” *




                         Time
                         Money
                         Talent
                           ...                                             *


Wednesday, March 6, 13
THE ENTREPRENEUR’S JOURNEY (THE EJ)
                         LEADER / FT500
                            SCALE
                         STARTUP
                         FOUNDER          Y OU ARE HERE

              DISCOVER
      INSPIRE
Wednesday, March 6, 13
ZOOM
Wednesday, March 6, 13
CO-FOUNDER DEVELOPMENT
                                 MINIMUM VIABLE TEAM (MVT)



      FOUNDER            CO-FOUNDER DISCOV
                                          ERY



                    SELF AWARENESS
Wednesday, March 6, 13
SELF AWARENESS


      DON’T BS YOURSELF
     WHAT DO YOU REALLY
     BRING TO THE TABLE?
                         TALENT, MONEY, UNFAIR ADVANTAGE?




                                      NOTHING?
                ASK OTHERS. IF NO ONE IS IMPRESSED,GO BACK TO SCHOOL
               OR START LEARNING ON YOUR OWN (THE DISCOVERY PHASE)

Wednesday, March 6, 13
CO-FOUNDER DISCOVERY
          LIKE A FIRST DATE, YOU
             WONT BE ASKING,
         “WOULD YOU MARRY ME!”
               RIGHT AWAY
                            HAVE YOUR CO-FOUNDER PITCH READY
                    THERE IS NO SUCH THING AS THE PERFECT CO-FOUNDER




Wednesday, March 6, 13
REMINDER!
            A CO-FOUNDER IS NOT AN EMPLOYEE. THEY WILL HAVE ACCESS TO
            THE CREATION OF THE STARTUP, MEANING YOU HAVE TO BE READY
             TO GIVE UP SOME OF YOUR IDEA! TREAT THEM LIKE YOU WOULD
                                  TREAT YOURSELF

                         A CO-FOUNDER PITCH IS NOT AN “ELEVATOR PITCH”

                  A CO-FOUNDER PITCH IS ABOUT YOU, NOT YOUR STARTUP.
                          WHAT DO YOU BRING TO THE TABLE?
                WHY SHOULD SOMEONE EVEN CONSIDER WORKING WITH YOU?




Wednesday, March 6, 13
MOST IMPORTANT
                 TALK ABOUT VALUES, PASSION, THINGS THAT YOU CARE ABOUT.
 FIND SOMETHING YOU DISAGREE ON, SEE HOW YOU HANDLE IT WITH YOUR POTENTIAL CO-FOUNDER




Wednesday, March 6, 13
EVERYTHING LOOKS GOOD?




                    TIME FOR A “WORKING TOGETHER” DATE .
                              (or a startup weekend :)




Wednesday, March 6, 13
MVT
                 A MINIMUM VIABLE
                  TEAM IS ABLE TO
                  EXECUTE ON THE
                     CORE IDEA
    IF NOT, CHANGE THE IDEA (START WITH THE TEAM COMPETENCIES)
 OR CHANGE (ALL/PART) OF THE TEAM (GO BACK TO THE PREVIOUS SLIDES!)




Wednesday, March 6, 13
SO, CAN YOU GUYS WORK
           TOGETHER WELL?



Wednesday, March 6, 13
NOW YOU CAN START
   BUILDING YOUR STARTUP!


             YOU WILL PROBABLY
                 STILL FAIL!

Wednesday, March 6, 13
R
                                      TREP RENEU
                                  EN
                           SERIAL
                                                             A. Self Awareness /
                         E. sTARTUP                           BUILD YOUR ASSETS

                                                                                        B. Co-founder
                                                                                           DISCOVERY
                                        D. MVT

                                                                 C. Co-founder
                                                                 ACTION-DATING
                                                     - CO-FOUNDER DEVELOPMENT CYCLE -
Wednesday, March 6, 13
DOWNLOAD
                   CO-FOUNDER DEVELOPMENT
                          (FREE PDF)




Wednesday, March 6, 13
Franck Nouyrigat / @peignoir
                          franck@startupweekend.org
Wednesday, March 6, 13
ADDENDUM

                                EXECUTE +INVEST+ CREATE                             FOUNDER
                                EXECUTE + CREATE                                EARLY EMPLOYEE
                                EXECUTE + INVEST                                ACCELERATORS / INCUBATOR
                                 INVEST    + CREATE                              SOMEONE WITH $
                                 CREATE                                         INVENTOR
                                 INVEST                                          INVESTOR (VC / BUSINESS ANGEL..)
                                EXECUTE                                          EMPLOYEE




            EXECUTE      THE ACT OF TRANSFORMING AN IDEA / A CONCEPT INTO REALITY

             INVEST      A TRANSACTION INVOLVING SIGNIFICANT OWNERSHIP OF A RESOURCE IN THE HOPE OF A GREATER RETURN ON THE INITIAL INVESTMENT

             CREATE      THE ACTION OF PRODUCING THE ORIGINAL CONCEPT OR IDEA THAT PREFIGURE THE STRATEGY




Wednesday, March 6, 13

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How to find a co-founder (v1.2)

  • 1. HOW TO FIND A CO-FOUNDER THE 21st CENTURY WAY Wednesday, March 6, 13
  • 2. THIS PRESENTATION IS FOR THE 90% OF YOU WHO ARE LOOKING FOR A CO-FOUNDER (COMPLEMENTARY TALENT, CAPITAL, ETc...) Wednesday, March 6, 13
  • 3. SURE YOU KNOW ABOUT READ LEAN STARTUP BUT HOW DO YOU BUILD the HYPOTHETICAL DREAM TEAM? * Wednesday, March 6, 13
  • 4. IF YOU have JUST begun building YOUR STARTUP YOU SHOULD KNOW THAT BUILDING A PRODUCT is not YOUR BIGGEST CHALLENGE its KEEPING YOUR TEAM TOGETHER! (65% OF STARTUPS FAIL BECAUSE OF MANAGEMENT ISSUE WITH THE FUNDING TEAM) Read FOUNDER’S DILEMMAS FOR MORE INFO Wednesday, March 6, 13
  • 5. WHAT EXACTLY IS A FOUNDER? Wednesday, March 6, 13
  • 6. Get Shi Real thi t s) ngs (you done thing (inventor can see From no iating ideas .. etc... them) By assoc xisting ideas etc. ng e By com plementi “FOUNDERS ARE INDIVIDUALS WHO CREATE, EXECUTE, AND INVEST IN IDEAS TO TURN THEM INTO STARTUPS” * Time Money Talent ... * Wednesday, March 6, 13
  • 7. THE ENTREPRENEUR’S JOURNEY (THE EJ) LEADER / FT500 SCALE STARTUP FOUNDER Y OU ARE HERE DISCOVER INSPIRE Wednesday, March 6, 13
  • 9. CO-FOUNDER DEVELOPMENT MINIMUM VIABLE TEAM (MVT) FOUNDER CO-FOUNDER DISCOV ERY SELF AWARENESS Wednesday, March 6, 13
  • 10. SELF AWARENESS DON’T BS YOURSELF WHAT DO YOU REALLY BRING TO THE TABLE? TALENT, MONEY, UNFAIR ADVANTAGE? NOTHING? ASK OTHERS. IF NO ONE IS IMPRESSED,GO BACK TO SCHOOL OR START LEARNING ON YOUR OWN (THE DISCOVERY PHASE) Wednesday, March 6, 13
  • 11. CO-FOUNDER DISCOVERY LIKE A FIRST DATE, YOU WONT BE ASKING, “WOULD YOU MARRY ME!” RIGHT AWAY HAVE YOUR CO-FOUNDER PITCH READY THERE IS NO SUCH THING AS THE PERFECT CO-FOUNDER Wednesday, March 6, 13
  • 12. REMINDER! A CO-FOUNDER IS NOT AN EMPLOYEE. THEY WILL HAVE ACCESS TO THE CREATION OF THE STARTUP, MEANING YOU HAVE TO BE READY TO GIVE UP SOME OF YOUR IDEA! TREAT THEM LIKE YOU WOULD TREAT YOURSELF A CO-FOUNDER PITCH IS NOT AN “ELEVATOR PITCH” A CO-FOUNDER PITCH IS ABOUT YOU, NOT YOUR STARTUP. WHAT DO YOU BRING TO THE TABLE? WHY SHOULD SOMEONE EVEN CONSIDER WORKING WITH YOU? Wednesday, March 6, 13
  • 13. MOST IMPORTANT TALK ABOUT VALUES, PASSION, THINGS THAT YOU CARE ABOUT. FIND SOMETHING YOU DISAGREE ON, SEE HOW YOU HANDLE IT WITH YOUR POTENTIAL CO-FOUNDER Wednesday, March 6, 13
  • 14. EVERYTHING LOOKS GOOD? TIME FOR A “WORKING TOGETHER” DATE . (or a startup weekend :) Wednesday, March 6, 13
  • 15. MVT A MINIMUM VIABLE TEAM IS ABLE TO EXECUTE ON THE CORE IDEA IF NOT, CHANGE THE IDEA (START WITH THE TEAM COMPETENCIES) OR CHANGE (ALL/PART) OF THE TEAM (GO BACK TO THE PREVIOUS SLIDES!) Wednesday, March 6, 13
  • 16. SO, CAN YOU GUYS WORK TOGETHER WELL? Wednesday, March 6, 13
  • 17. NOW YOU CAN START BUILDING YOUR STARTUP! YOU WILL PROBABLY STILL FAIL! Wednesday, March 6, 13
  • 18. R TREP RENEU EN SERIAL A. Self Awareness / E. sTARTUP BUILD YOUR ASSETS B. Co-founder DISCOVERY D. MVT C. Co-founder ACTION-DATING - CO-FOUNDER DEVELOPMENT CYCLE - Wednesday, March 6, 13
  • 19. DOWNLOAD CO-FOUNDER DEVELOPMENT (FREE PDF) Wednesday, March 6, 13
  • 20. Franck Nouyrigat / @peignoir franck@startupweekend.org Wednesday, March 6, 13
  • 21. ADDENDUM EXECUTE +INVEST+ CREATE FOUNDER EXECUTE + CREATE EARLY EMPLOYEE EXECUTE + INVEST ACCELERATORS / INCUBATOR INVEST + CREATE SOMEONE WITH $ CREATE INVENTOR INVEST INVESTOR (VC / BUSINESS ANGEL..) EXECUTE EMPLOYEE EXECUTE THE ACT OF TRANSFORMING AN IDEA / A CONCEPT INTO REALITY INVEST A TRANSACTION INVOLVING SIGNIFICANT OWNERSHIP OF A RESOURCE IN THE HOPE OF A GREATER RETURN ON THE INITIAL INVESTMENT CREATE THE ACTION OF PRODUCING THE ORIGINAL CONCEPT OR IDEA THAT PREFIGURE THE STRATEGY Wednesday, March 6, 13