How to find a co-founder.
Download the white paper associated to this slideshare http://bit.ly/CoFounderDevelopment
What is a co-founder, Intro to co-founder development, Introduction of the trivial concept of Minimum Viable Team (MVT) and co-founder development.
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...)
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3. SURE YOU KNOW ABOUT
READ
LEAN STARTUP
BUT HOW DO YOU BUILD the
HYPOTHETICAL DREAM TEAM?
*
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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
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
... *
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7. THE ENTREPRENEUR’S JOURNEY (THE EJ)
LEADER / FT500
SCALE
STARTUP
FOUNDER Y OU ARE HERE
DISCOVER
INSPIRE
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9. CO-FOUNDER DEVELOPMENT
MINIMUM VIABLE TEAM (MVT)
FOUNDER CO-FOUNDER DISCOV
ERY
SELF AWARENESS
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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)
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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
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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?
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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
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14. EVERYTHING LOOKS GOOD?
TIME FOR A “WORKING TOGETHER” DATE .
(or a startup weekend :)
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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!)
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16. SO, CAN YOU GUYS WORK
TOGETHER WELL?
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17. NOW YOU CAN START
BUILDING YOUR STARTUP!
YOU WILL PROBABLY
STILL FAIL!
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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 -
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19. DOWNLOAD
CO-FOUNDER DEVELOPMENT
(FREE PDF)
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20. Franck Nouyrigat / @peignoir
franck@startupweekend.org
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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