Should I break ties with a bad group of cofounders?
Next question. How do I find good business co-founders? I'm so tempted to cut ties, take what I have and find somebody better.
Best Answer
Find someone with marketing background. You are the tech guy, you need one who knows the market like the back of his hand. You are the woziniak needing a jobs.
Cofounder is the function of your choice and plan. Your effort would be hard to protect. Watched movie Hummingbird Project? watch it if you have not.
NEVER NEVER NEVER go solo, especially a project like financial business.
Other points
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Startup Lingos To The Point
choice
bold vs stupid
Bold is do the right thing that no one agrees and hard. Stupid is to do the wrong things that a few agrees and impossible.
business plan
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A business plan has two parts, the aspiration and the traction. A business plan is about two parts: how the business runs, and how to start that business.
business plan
business plan and exit
The plan to reach the exit, including unknown uncertainties that will surely happen.
business model
business model
How to turn an interest into a money maker. How to attract people, how to stimulate people to pay, how to make profit, how to make relations, how to keep relations.
value proposition
value proposition
How much do I have to give my audience so they can pay me something in return? What do they value? what problem do they search for answers on your own? I want to solve that problem.
passion
passion
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investment
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chance
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After you have a sale or a market hit, you ran into all kinds of accidental discoveries that you never knew exist.
sales
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value
Largesse
A general or CEO or founder who is tolerant and generous. Someone who recognizes own mistakes. Someone with big heart for hiring people better than him.
brand
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marketing
Marketing
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invention
Widgety MVP
A "MVP" wanna-be that is still at the widget stage. Lacking ability to demonstrate effects, only projected effects.
lean
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Minimally viable business, or MVC, minimally viable company. A company that scrapes by, full of guess and hope and no traction and sales. When you give your customers things for free they all take it. But they never pay and you can never rent a table at the market.
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MVP
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cash
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mission
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focus
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bold
Bold
Veterans do things their way, because they know all the naysayers are just beginners and by-standers.
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Onlyness
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Fame
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investment
Company valuation
A company valuation is cash investment divided by the percentage. As long as your story is good, the valuation will keep coming, and the investors will keeping falling into the line.
investment
Return on investment
Investors are either behind family fortune (never work with them) or for rich clients as investment vehicle. Both need returns 2-3 times better than stock market darlings.
solepreneur
solopreneur
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traction
traction
Having found what people want, not just what people may need. Your offering and their acceptance is sure, no longer a guess. You can provide it for profit, and you can indeed making living on it. Traction is sometimes called validation. You are no longer a theater. You have touched nature, and found cash vein.
mission
mission
Things to make sure the founder will not fall into despair, boredom or get distracted during the long execution even in face of repeated setbacks.
disruption
Game changer
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mission
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