I started working with my co-founder, then my boyfriend, when I’d been screwed over by a developer and he offered to step in and help. His background was as a part-time web developer and when I say part-time by that I mean he had built maybe half a dozen sites over just as many years. I wasn’t keen to involve him since I had prior experience of working with a partner and I knew that mixing the personal with the professional is nearly always a recipe for disaster. But I was desperate and he made it clear that he didn’t want to be my co-founder, merely to get me out of a sticky situation. And he did help. We found a good team of people to work with and we created an app that people liked and were using. The problem was that it had no way of making money and I live in a country where it’s very hard to raise investment for a product that doesn’t generate revenue.
Fast forward a couple of years and my boyfriend and I have broken up. I managed to raise a small amount of investment and when I say small, it’s what the average Silicon Valley start-up burns in a month. We’ve pivoted to create a platform that generates a small amount of revenue but, in the process, have lost much of the personality of the earlier product. I now can see quite clearly what we need to do and where we need to go.
My ex/co-founder, on the other hand, has lots of grand ideas but lacks direction or discipline. When I ask him for a deadline, it’s as if I’m asking him to kill his own mother. Our small pot of money is shrinking fast and yet he seems to believe that we’ll raise more money soon. I keep trying to tell him that there’s no guarantee of that and that we should be concentrating on building a sustainable business that requires minimal involvement and does not rely on outside investment. I’m willing to put in a bit more cash but I can’t help but think that I’d be better off either a) finding a more disciplined and experienced co-founder whom I can give some equity or b) going on my own. I find working with him very stressful and it’s making me generally unhappy. It has taken him three weeks to create one wireframe! It’s hard to work with someone who is always thinking into the future when I feel we need to be concentrating on the here and now.
A disciplined cofounder usually means a trained employee which means giving out salaries
+1 truer words were never said. Hate to say it but I dont think equity alone will get the focused determination from a dev without salary unless you are giving away Twitter equity. Most devs arent super dedicated to your outcome unless its their idea. There are two many paying jobs that will take precedence over the promise of future riches.
Go get money or a job and start looking for an outsource dev. If you know exactly what you need then pay someone to build it on a set delivery schedule. If he is not a co-founder you dont need his permission. Just inform him this project needs to look like this by this date to make rev and unless he wants to kick in money to the company for his ideas, you need to move forward on what will generate income the fastest.
Finally, why dont you know how to build a wireframe?
Sorry, I wasn’t clear. He isn’t actually the developer. We have a small team of outsourced developers and he is acting as a product manager. I could build a wireframe if I had to but he wanted to take it on. Also, he does get paid a small salary plus has over 25% equity.
Oh dear you gave a part-time temporary dev role equity in your business, that is where your trouble began.
your problem is not co-founder
dig deeper, maybe is passion
or maybe you need to find what you are looking for to do
dont give up on the journey
it’s like marriage
u ll be 100% sure when you find things
try to find what rationalism means before emotionalism
bottom line is: passion is the key, everything else is not important, you will find it, mistake is there everyday. no big deal! persist!
2hitting
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