Choosing a cofounder to help you build the startup you envision into a real business is one of the most important first steps in laying the foundation for success. Poorly matched cofounders will have innumerable disagreements, create TONS of unnecessary headaches, and hold back the growth of a business. Yet, despite knowing this, many entrepreneurs don’t put the necessary time and effort into vetting potential cofounders to ensure that the founding team will work well together, complement each other’s strengths and weaknesses, and effectively delegate to build their budding business into a thriving company.
If you’re about to get into bed with a new cofounder, use these tips to make sure you’ll avoid the biggest pitfalls and choose a cofounder who will help you get ahead, not one who will hold you back.