I'm currently looking to find remote co-founders mainly from the US or the UK for a venture I started. I have come to realize that I won't be able to pull this off myself since I'm residing in Sweden and the product is mainly designed for the US market and/or the UK market. So I'm facing the problem of needing to find a remote co-founder that is likely to reside in another country.
What is there to think of in this situation? What problems are likely to occure being co-founders residing in different countries? What is the best way to find a suitable remote co-founder? Does anyone have experiences from similar situations?
Personally I have experience from running a quite successful business venture together with a remote co-founder for about 8 years. But in that case we knew each other from the university and we were both from Sweden and lived about 3-4 hours by car from each other. During that time we met in person about 2-3 times a year, but we had more or less daily contact online.
But now I'm looking to find a co-founder that I haven't met in person before and I might not even be able to meet this person in person before starting the partnership since we'll most likely be residing in countries far apart. I'm quite flexible in how to work it out, but I won't be able to move from Sweden.
In my case I have an already developed product that is ready to launch. So the competence of the co-founders I'm looking for should be mainly in marketing rather than being technical co-founders. Does this aspect make it easier to work as remote co-founders or not?
From my previous experience I think it has worked very well to run a business with a remote co-founder. But when I have hired remote consultants or remote freelancers to get help to develop a design or a software then it has often been problematic to strive in the same direction and get a desired result. That makes me think that is harder to work together during development.
I'm looking forward to hear your thoughts about this issue.
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most European startups that want to move to the USA that I know of, first develop the product here to the MVP level. Then they themselves move to the USA.
The other model that is reliable is that they build a product that is self-sustaining in the EU and then open a branch or division in North Am. This is the Phillips, BMW model
The third is to build a successful company here in the EU and then buy a smaller company in the US doing similar things.
Yes the fourth would be to find a US CoFounder. but since it is YOUR idea and not theirs - why would a truly motivated co-founder come on board? What are you really looking for? a US CoFounder or a US Sales branch?