I have done the research, tested viability of concept in workshops and I know how to recruit paying members to join, which shall be done by me. Legal and structure of company is in progress. Finding right Co-Founder to build prototype and then full capacity server is the challenge. So many websites, including this one claim to help, but more interested in taking your money than anything (networking section premium members only). Anyone have any real experiences to share?
I think you are correct on this and many other sites. The best thing you can do is continue to seek opportunities to learn about new like minded professionals. This site is actually pretty docile when it comes to proactive professionals.
I think you can still find some good people interested in sweat equity if that's what you are looking for. I have met a few people over this past year that have legitimate ideas and projects as well as professional backgrounds... and also had my share of spammers, scammers and all those sorts. Unfortunately it really is a numbers game since this site is hands-off on making more efficient networking connections.
Keep at it and keep networking. It will eventually pay off and you will know once you find someone that comes up to your level and wants to meet you where you are. Cheers!
My usual first question in response to the question you're asking is, "Why do you need a co-founder?" Although this is CFL, most companies are better off with one founder and a team of not-founders. Are you looking for a co-founder because you can't pay an employee? Are you a personality that needs someone equally excited about your business plan that you can bounce ideas off and keep you motivated? Are you deficient in certain business skills and need complimentary talents?
The last one is always true, but it doesn't raise the next talented person to co-founder status. Understand that a co-founder must be someone who is way more than additional talent. They must be motivated by the same things you are, share the vision of what the ideal company looks like, and be devoted to ownership.
A lot of entrepreneurs call their first employees co-founders simply for being first, and that they're willing to trade salary for equity. That's not enough to be a co-founder. Think about your best friend growing up and how you hatched plans together. That's the kind of a co-founder relationship you want. How you find such a person is complicated, when you don't know them already.
Networking web sites are merely tools likely to give you more opportunities to encounter and then identify people who turn out to be this kind of match. But absolutely none of them do the work for you. Still, they're better than wandering down the street and hoping to bump into someone. There's always value in the fact these sites help concentrate your effort.
from my personal experience (and I paid for it), nope, doesn't' work at all.
Most people on this site have their own idea already, so less likely to join someone else's idea. And 2 the search/filtering just sucks, there's no better way to put it. So save your time and use Angel List where you'd have a higher chance of finding someone
I've worked with a number of startups over the last 20 years. Some were my own. The rest belonged to others. In those ventures I took care of the technical development that was required. I have also had the good fortune of working with seasoned investors who have created numerous successful startups and exits.
Most of the key issues that startup founders face are business issues, not technical ones. I suspect that may be what you are dealing with as well. Once the business structure is properly in place, the technical aspect is fairly straightforward.
I agree with Paul Garcia's comments in this thread. You can be quite successful in a startup as a single founder with the rest being "not cofounders" ie. partners.
I would suggest that speaking with an experienced investor, founder or business owner about the key aspects of your venture, that is, the business case, the funding model and the monetization strategy would give you a clearer perspective and options on how to best approach what you're trying to do. Your answer lies there, not in finding the perfect technical co-founder.
Since we're both Canucks I would be happy to speak with you on the phone and share more of this insight one on one.
I have been approached by several people and have partnered with two of those people to become a co-founder for their projects. Both of the people I have partnered with were in the need of someone with marketing and client acquisition skills which is my area of specialization but both of those co-founders did the leg work to find me, share their idea, and sell me on getting involved. Without this platform, I never would've met either of those founders but if it wasn't for their efforts nothing would've happened because I haven't put in the work to make it happen I just happened to get lucky and that is certainly not the norm.
believe this is an awesome platform for finding your co-founder but you have to be willing to grind and leverage the platform to find and connect with people that could be good partners. My suggestion is to do some searching and then start conversations and see where they go. I saw you're looking to do a start-up in the legal space and I have seen multiple attorneys on here asking questions about legal platforms. I would suggest searching, finding, and connecting with them to see if you could merge ideas with them or find people that may buy into your concept. The people doing that are the ones finding quality co-founders and launching cool projects.
In my experience, as a development engineer, I always open to listen to new projects, as an entrepreneur person always to listen to new opportunities to develop... I think the problem isn't the platform it's registered users like us, everyone is looking for a cofounder to our idea, we are not looking for an idea.
My last experience came from a guy from Spain looking to develop a brand new Fintech, he answered a few questions and sent me a fancy presentation. My first impression was, I need to be in this project, last year I had a kinda similar idea but I put on stand-by because I could not find the right person as a wingman.
Simple, the terms of "partnership" with this guy do not match my interest due to a disproportionate balance of vesting contract and lack of communication and transparency.
Per my experience the possibility to find a co-founder is minimal but it exists
Very true... indeed.