Sprint 16: Flourishing with co-founders, family and friends
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Sprint 16: Flourishing with co-founders, family and friends
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In this episode, Ben and Derek cover one of the leading causes for startups and businesses to fail.
In the US, over half of all startups have more than one founder. On a global basis, over 75% of all startups involve a family member. Once a startup finds traction for their product, co-founder conflict is the biggest cause of failure.
Only 1 in 4 founding teams stay together for more than four years. Co-founder relationship building skills we discussed in sprints 8, 9 and 10 are essential for maximizing a startup’s chances for survival, let alone success.
When family members, friends and love interests are involved, these skills are even more important.
We describe how do use these skills to carefully structure and document the shared objectives and payoffs you agree to pursue before working together on a startup.
Find this and all our free sprints here: https://www.theentrepreneurs.io/sprint-library