In this episode, JDM and Cameron are flying solo to talk about a topic too often given short shrift: team. After all, fully 65% of startups fail due to founder conflicts.
Fail. Due to founder conflict.
But team is about a lot more than just you and your co-founders…
On today’s show:
The terrifying stats of how teams kill startups;
How to use team to flip those odds in your favour;
How do you find a cofounder?
How do you distribute equity?
Find a cofounder, or hire an employee?
What makes a good team?
The surprising and neglected parts of your team: advisory boards, mentors, investors, and customers;
Developing early startup culture;
The mindset of a successful team builder;
And more!
Frivolous thoughts:
Cameron talked about his pending nuptials and the true meaning of the Polynesian greeting of “aloha”.
JDM finally finished Star Trek: Picard… and he has thoughts!
Links mentioned:
The Founder’s Pie — an article and method by Frank Demmler on how to divvy up equity in a new business venture.
Advisory Board Series — Carlsen Center workshop series on building out startup boards.
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Session 3 -
The Importance of Team