Welcome!

Agile Computing Authors: Yeshim Deniz, Pat Romanski, Liz McMillan, Elizabeth White, Andy Thurai

Blog Post

Do You Need a Co-Founder for Your Startup?

What successful entrepreneurs feel about the need for a co-founder?

How important is an entrepreneur to the growth and success of a startup? There is the story of how Steve Wozniak remained a kid in the basement making computers till Steve Jobs came along. There is also the story of how Jeff Bezos started Amazon without the need for a co-founder to help him out. So what's the verdict? Well, the answer is - it depends.

Trust In Partnership
Partnering in a startup is all based on trust. And who better do you trust than a friend or a close relative who could possibly complement your skills? But according to Jay Barnett, the founder of Priority Pickup, friendship and money don't mix. Writing on the Next Web, Jay points out that disagreements are an inevitable component of founding a startup with a co-founder. And when they do happen, it is a lot of distraction that could veer your startup away from its intended path.

Complementing Skills
While potential disagreements in future can be a reason to not go with a co-founder, there are some serious reasons against this. One of the most important reasons is complementing skills. If you are a product designer/coder, you may not always have the skills to market it. Also, if you are a great marketing person, you may not have the skills to design and bring the product to life. By finding a partner who complements your skill, you could together strive towards success of a product without too many areas where your decision making overlaps; thereby running your company with minimal friction.

Having said that, Naval Ravikant, the founder of AngelList advises that the ideal co-founder will be of the same age and financial situation as you are. These are factors that will contribute to opinions on how to steer the company.

Finding Contractors
You do not have to find a co-founder for the sole purpose of finding someone with a complementing skill. Not all businesses need a person who will be coding all the time, for instance. In such cases, it is better to find a reliable third party contractor who can do the work for you. Not only is it cheaper (contractors may appear expensive, but they do not eat away your equity holding in the company), but also they ensure that you remain the sole decision maker in the company. With a programming co-founder, you have to both give away equity as well as lose decision making authority to an extent.

All said and done, there is no one-size-fits-all rule when it comes to finding a co-founder for your startup. Depending on what you do and how you do it, you may or may not need a co-founder. But if you are someone who appears to have stalled the progress on their business idea solely for the lack of a co-founder, do note that bigger companies have been built without a co-founder. So let the absence of a partner alone not make you sit idle on an idea. Get started and your hunt for a co-founder can always happen on the side.

More Stories By Harry Trott

Harry Trott is an IT consultant from Perth, WA. He is currently working on a long term project in Bangalore, India. Harry has over 7 years of work experience on cloud and networking based projects. He is also working on a SaaS based startup which is currently in stealth mode.

IoT & Smart Cities Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...