Is it difficult/worth it to bring on an international co-founder? or is there another arrangement I can consider?

Anonymous

December 28th, 2016

As we've all recognized for some time now, there is an extremely high demand for developers and incentivizing them purely with startup equity is challenging. Personally, I just dont have the funds to pay a developer, and that is why I have been seeking a technical co-founder who is vested in my idea.


After a couple of years, I finally believe I have found someone who is willing and dedicated to spend time to build the site for startup equity, as a co-founder. The only concern I have is that he is international and I have no experience building an international team. What are the challenges, legalities, and extra costs associated with bringing on an international co-founder?


At this point, I just dont know what I dont know :-/ Help!

John Dex VP Product Management at MPIRICA Health Analytics

December 31st, 2016

There is no substitute for a technical co-founder. But I would argue that too many startups think they need developers to make progress. Your goal as an entrepreneur is to validate a scalable business model, not build software (see Lean Startup concepts). Customer development is invaluable, as it establishes problem-solution fit, identifies initial 'early adopters', begins to build sales channel, exposes many of the unknown obstacles in your assumptions, provides depth of understanding to the market and customer targets, and if done expertly, can secure necessary funds to build your MVP through customer contracts. None of these things require a s/w developer. All of these things are required for success.


Lisa Falcone

December 29th, 2016

How can I upvote my own question? :-)

Rogue Startup

February 18th, 2017

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