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Having more than one co-founder help. Many successful startup have similar stories eg Microsoft, facebook . Here are some of the reason:
Productivity: High quality and quantity of work. Moving fast is critical in startup. You can have 2-3 times work done in same time. Also, Having Co Founder helps you see around corner.
Moral support : Cofounder often provide support during hard time and having somone to empathies and balance out your thoughts sometime.
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People you know
People who are fun to work with
Some places to find are college friends , work place colleagues, friends of friend.
Work on small project with them to know whether to work with. Check during this your working style compatibility and skill sets
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Meet in person ASAP
If you are non-tech founder , try to find some tech founder.
Try showing what progress have you made alone. Show your MVP if you have made one. To get clear understanding of each other.
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Goals and Values: why do you want to do it
Stress: How do they deal with stress. How you help each other handle stress. Because there are gonna be stressful times.
Communication: have honest and clear communication. & offer feedback to each other .
Finances : How much time you can go without salary. What timeliness do you have in mind. Is it 1 month, 2 month or 1 year.
Commitment : How much you can work on this project, whether 1 or 2 hrs a day or work on weekends.
Meet in person as soon as possible. So that the communication is smooth.
Don't have CFs for fund raising , or learnable skills.
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Dev shops are expensive and are to cater clear deliverables .
As a startup you don't have clear picture sometime and will face lot of issues. Iteration of product can be expensive in that case.
Moreover Dev shops don't care about your customers
Having a tech founder helps.
If you don't have tech co founder , atleast learn to code.
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To know compatibility for projects with someone. You have to try to work with them on some project
Take small project and try to work with them on this.
Have a time line usually 2-4 weeks. And check who owns it to the end.
Also , in the end like any choice in life . You will need to take a leap of faith.
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By default split it equally : this is in view that you are going to go too far on this project and should be equally motivated.
People may feel they came up with idea, so the share should be different . But ideas change over time as you grow.
But if things go well , you are gonna work for 7-10 years with each other. Do you came with idea is such a small thing in this long run.
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Communication: have good relationships with CFs . Be comfortable in having hard conversations if required.
Finances : have clear discussions on the finances. How long can you work without salary or how long can you wait for product to go Viral. What timeline is your expectation
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In the startup world, finding co-founder is very critical. The following stash provide guidelines to do it effectively. This stash is summary of video of Y combinator .
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