I am very interested in finding a co-founder for an existing project (already has paying clients). I tried using the various websites like cofounderslab etc but it is tough. The reason is that finding a co-founder is like finding a date that could turn into a serious relationship (think girlfriend/boyfriend/husband/wife). So this takes time and effort and cannot be solved by a listing website.
Here are some of the problems/challenges I have faced:
- Not everyone wants to become a co-founder. A lot of people just want to build things for you and get out. Think freelancers etc. Really smart people but not interested in becoming co-founders.
- A friend wants to be your co-founder. Ok great. You like them and they are really good friends. But you know for sure that they don't have anything of value to offer to you. So you tell them "I would love to but what do you bring to the table" ? They cannot answer that and you are back to square one.
- A really smart friend whom you know could build great things together loves his/her job. He is the Employee type. No matter how much you try to convince them of the great entrepreneurial life, they won't budge.
In my opinion, to find a co-founder who is not a friend or someone you know already, below are the steps:
1. Initial contact with someone who has interest in becoming a co-founder. This can be solved with those listing type websites perhaps.
2. AFTER that initial contact, what do we do This is where the listing websites fail and cannot add any more value. This step/problem needs to be solved. My suggestion is that we will need to work together on "small" or "baby" projects first that may or may not be related to any actual business/product. Heck, lets build a blog together. Lets see how we interact with each other personally and professionally. I will like to spend a lot of time with you knowing your both personally and of course professionally. You may be the best programmer or marketer but can you handle pressure ? Can you actually commit to anything ? Are you a quitter ? Are you an honest person ? Can I trust you ? What is your vision ? What is your end Goal ? What do you want out of life ? All these questions need to be answered in my opinion and really vetted.
3. Once step 2 is reasonable secure, then lets actually become co-founders. Sign legal agreements, do vesting discussions, get lawyers involved etc ?
Just my 2 cents. I filled out your survey btw as well.