Formation · Cofounder

How to approach potential cofounders from different states?

Corey Blaser Sailor. Mormon. Entrepreneur.

August 1st, 2014

Is there a best practice to working with cofounders who are not sharing a geographic location? And how would one go about approaching cofounders, particularly technical cofounders, from different states? Is it feasible and are there issues to look out for when building teams separated by distance that anyone has run into?

Tim Kilroy Analytics - LTV - Boosting Profits - Digital Marketing

August 1st, 2014

We started that way - Sam & I met on FD. I am east coast, he west coast. We talk on the phone, we do hangouts. Communication is important, but it has worked our pretty easily for us.... ___________________ Tim Kilroy + 1 617 899-2436 M

Jessica Alter Entrepreneur & Advisor

August 1st, 2014

There are several discussions on this already, good to do a quick search

Robert Clegg

August 1st, 2014

If you are seeking funding it's really tough having your co-founders elsewhere. Not saying you shouldn't have them to move forward. Just be ready for funders to discount them. Incubators/accelerators will ask you to move to the town where the money is, some permanently. Be ready to have that discussion.

Anonymous

August 1st, 2014

One thing I forgot to mention is that you can handle getting funding just fine, but all the co-founders should be physically there at all of the pitch meetings. Of course, as Robert Clegg mentioned, some investors will question it.

- Jonathan

Anonymous

August 1st, 2014

Hi, Corey.

Right now, our "team" is mainly just the two of us (Samantha, my co-founder, and I) at our company, and we're in different states. I'm in Boston. Sam is in New York / New Jersey (she goes back and forth). We've made it work just fine. Communication is the hardest to get right, but what we do is we stay connected using Slack and use Google Hangouts for important face-to-face time. The other important thing is keeping track what each other is working on without being a distraction and we use a project management tool for this. We also have a Georgia Tech Ph.D. student helping us with our AI and, of course, he's in Georgia, so we also do the same with him. I gotta admit it's hard to get right, though.

Good luck!

- Jonathan