Ask HN: cofounders as couples ?
Note that I'm not looking for pros and cons on the situation, more wondering if our situation is very common or not :)
Note that I'm not looking for pros and cons on the situation, more wondering if our situation is very common or not :)
This applies both from a legal perspective and an emotional one. Plan for it. Write it in to the original agreement. Don't wait for divorce or (worst case) death to find out how much trouble this can cause.
I have to say though, having my wife actually involved, for us, makes everything better. Its much easier to bear the risks and make tough decisions with each other's support. Your mileage may vary.
Your mileage will clearly vary.
I've worked with founders whose spouses were completely disconnected from the company. They managed the "home front", took care of the kids, made sure the bills got paid.
I've also worked with founders whose spouses were part of the fabric of the company.
It just totally depends, Tony.
I was taking issue with the "your wife IS your co-founder, whether you like it or not".
My wife has a job and has had no involvement with RescueTime other than a bit o' moral support. If that makes her a co-founder "whether I like it or not", then I have a bunch of good friends and a few family members who fit the bill, too. :-)
The trouble comes when two founders own 1/2 each and one dies or gets divorced and then the spouse asserts an ownership (or worse, control) claim against the startup.
Here in the US, if not specifically set up otherwise, my wife would automatically get my shares (and voting power) in the event of my death. If she then wanted to "just sell the damn thing for whatever we can get for it now" just to get some quick cash, there would be little the other founder(s) could do about it if I had sufficient shares.
Your heirs (or anybody else you wanted to designate in your will) would get them even if you weren't married.
Plus since we have a near psychic connection our meetings are very short.
We spend most evenings laptop-to-laptop in "Genlighten World Headquarters" (our daughter's old bedroom.) Last night we worked the booth together at a startup demo event. It was tremendous fun and particularly exhilirating to be doing it as a couple.
Our CTO lives in another part of the US, and so far (~2 years) we haven't experienced any obvious problems with the couple + third founder arrangement.
Bottom line: it works for us.
It happens. It's extreme.
My wife works for me and I work for her and it works great.
She is on my board so she is part of the team that can fire me.
She does the books (accounting) for the company so she works for me.
She's a very smart person and I value her opinion and every time she says that we should get someone else to do the books I say no because then she'd be less connected to the company and her board value would go down.
I do not think this will work for everyone. I suspect it works for us because we are a team in our marriage and we know it and own it. I pity the fool that messes with us, we're a team.
BTW, I agree with the comments that said that if you are in a startup your spouse is there too. When we got going I always got the permission of the spouse to hire the person. It's the right thing to do in many ways.
When you're stuck, going back to the "why" and finding another way is very precious IMO.
Some investors are assholes about women. Some investors have scar tissue from other couples. That is largely an incorrect view - when founders that are just friends break up a company, there is no reason to hate friends who are founders.
My rubric for picking a wife was more rigorous than picking a cofounder could possibly be. I have no idea how people find cofounders beyond long-term friends.
Also, since I do business in China and I'm a white foreigner, her presence as a native mainlander is absolutely essential. I have yet to meet a successful foreign entrepreneur here who does not have a native romantic+business partner helping him/her.
I'm asking because we're doing that a bit. The idea here is not to ensure she would be able to implement difficult features, but maybe deploy a simple ruby site on her own, or hack more css/html so that we're a bit more interchangeable.
What's your opinion on that ?
An interview with them is here: http://psd.tutsplus.com/articles/news/birthday-interview-wit...
We also have 'overshared' about business; for a few years of my life in a previous startup, she put in 3+ hours a day talking / planning / processing with me. That was not a good plan for us; my (unsolicited) advice: have some outside-of-work hobbies with your co-founding spouse so that end-of-job for one of you does not equal end of relationship.
I miss their shakshuka, french toast, the brie and avocado sandwiches. Anyone know where to get good (and spicy) Shakshuka in NYC?
Pros: - we're used to talking together a lot, including on topics that usually matter a lot for a startup: money-management, how to grow something in a sustainable fashion, bootstrapping, risk, handling conflict, trade-offs, brainstorming, ... - we're both in 'we want more time to accomplish things in trade of less money for everyday' mode - we've worked together already on difficult projects and it worked out really well - we're complementary on some topics and unique on others (I'm more technical / product owner, she's more business + brick and mortar) - validating an idea takes much less effort in this mode for us, apparently
Cons: - split work/home life properly takes hard work :) We've been doing plenty of personal development over the years - you have to ensure each one stays independent (money-wise) in case something bad happens between us (never know)
The chances of that happening are larger as you get more successful.
I've tried this in one of my '9 lives', I will not try it again.
Other side of that anecdote. Flickr was started by Caterina Fake and Stewart Butterfield who are now divorced.