My co-founder was a worthless chump but I survived
smackeyacky.blogspot.com
smackeyacky.blogspot.com
- Vet your potential co-founder more closely to make sure they have the skillsets they claim to
- Pay attention to red flags and deal with them sooner. Withholding the admin password, for example, was a clear one.
- Maybe build in a non-confrontational exit from the beginning. Sounds like the co-founder was trying to bullshit their way through it so they wouldn't lose out if the product did well. Perhaps a small amount of equity would have been an easier way to push them out?
> this is one of the reasons Founder Vesting is a thing. There should be a mechanism in place which strips the founder of equity when they quit.
I would urge you not to refer investors to this article and instead just try to explain in simple terms that you felt your co-founder did not respect the timelines that were critical for your company. And list the facts, not your opinions.
Update: By the way, I'd like to add that it's clear you had a rough ride with this one and I don't feel unsympathetic. But I wouldn't want you to struggle with it any longer than is necessary. Best of luck.
But sharing that specific article is a mistake, instead just stating it without emotion is probably better.
I know it's tough, I was in a similar position with a cofounder who really didn't work out and I really resonate with that line "I do miss that naive me though, there is something wonderful in trusting your fellow man that I can never quite regain, which is a shame.". My experience also made me lose that bright sunshine of naivety and easy trust that I had and for a long time I was incredibly bitter about my ex cofounder. But, it's not a good strategy to be publish it with a wording this emotional, instead just being very matter of fact about it, describing the main issues in broad terms is enough.
If you need to share your anger with the world, this quality essentially has nothing to do with your former partner, but has everything to do with your future partners' perception of your coping strategies. The red flag is that you may spend unnecessary energy holding on to things.
The mark of responsibility is sucking up and admitting that it was 100% your mistake, and that he was just a particularly tall rock you had to climb.
To quote a musician, scream it to the trees. (Ventilate to those for whom it has zero cost; your spouse, your friends; not all potential future partners.)
That's why it's so crucial to pick the right co-founders. You just gotta see through the chutzpah and do your due diligence. Once you've made the decision, you don't have much of a choice but to ride or die.
> [He] explained he didn't really know electronics and didn't understand what needed to be done.
> This was devastating.
This was a moment of honesty and vulnerability for him. To me this seems like good communication: stating exactly what your weaknesses are. I question why this was not openly shared before. Either there's some deep rooted insecurities in the co-founder or the culture at the company just didn't allow to be vulnerable.
I hope both of you find a way to move on with your lives.
That's more easily explained by the cofounder being a master of bullshitting and realizing that the chips are up. It's not a moment of honesty and vulnerability when you've sold yourself as someone who can do those things and lied by using designs made by someone else.
Finding a good cofounder is similar to hiring and not treating the same way is what leads to this kind of issues. It's hard for someone who is new at it to properly vet the competence of someone random especially when it's in a field that person isn't an expert at
Though the author seems to have been legitimately maligned, I suggest there's also another side to the story.
Also - I would suggest to the author to take it down. It feels good probably to get it off your chest ... but in the end these things don't win any favours or make you look good. Imagine you have 200 employees, major customers, serious business, how is that going to look? It will look small, maybe even a bit petty in the big picture. You're bigger than that now, so you can put it in your past and laugh about it with customers in the future, just not in quite such a public way. Save the abridged version for the big network interview in 10 years or whatever when it's not so ripe and it can be told from a more easy going posture, like a 'funny thing that happened' instead of out of anger.
>> was reluctant to devote too much time to SmartShepherd. This was fair enough
Huh? Your cofounder is openly reluctant to devote 'too much time to their own startup and your instinct is to regard this as "fair enough"? At some point, you need take personal responsibility instead of just flinging insults at someone else.
Edit: I was mistaken. Author says responsibilities were balanced
"He knew electronics, he knew firmware, he could design and write the firmware for a device that would collect the information."
Then, at the end:
"We went out to the lab at the back of HAX where the Knobgoblin explained he didn't really know electronics and didn't understand what needed to be done"
Regardless of any load from his day job, it sounds like the co-founder had none of the skills he was selected for. Which would explain the ThingWorx hail mary, the earlier "find some other existing board that sorta meets the requirements" event, and so on.
Replace the location and area of expertise, and this is the same story that transpired here. Sure, the other party is a fraud, but the eponymous "chump" is not the other party, it is the first party.
From Alibaba: https://www.alibaba.com/product-detail/Original-ODM-OEM-TI-C...
As a bonus, it appears to already have a physical button :)
The picture from the author's article: https://1.bp.blogspot.com/-wJjSUagWqGQ/YTAPCPEPDII/AAAAAAAAN...
It's a sort of thing you'd set up before starting to work on the company, to know what the ground rules are from the very beginning. Knowing that your stake is not a given is very humbling.
You can always have things like accelerated vesting in the event of a liquidity event, if the company is sold prematurely.
I wonder if there're founder vesting agreements that handle such cases
Given that this hit HN, I estimate there is a pretty high chance the counter-party will read this.
It's funny how confident he is here, because that is actually not a touchpad, it's a trace for a membrane pushbutton.
A self-aware essay that comes from the heart. Thank you for posting.