10 Things Tech-CoFounders Should Look for In Entrepreneurs

1. COMMUNICATION

Are they nice? I think this is the first and most important sign to look out for. How does the entrepreneur communicate in that initial call or Skype meeting? Is he or she nice, too authoritative, or does he come across as an a-hole! Seriously, pay close attention to how an entrepreneur responds and speaks during this initial conversation or email.

2. EGO

Does the entrepreneur use words like “I” and ‘My” vs. “We” and “Ours”. This will tell you if you’re dealing with an egomaniac or not. Often time’s entrepreneurs can be obsessed with the fact that it’s their idea and tend to forget who will be building the actual technology.

3. TRACTION

Has he or she made any efforts to draw up mockups of the idea on ( Balsamiq, Lumzy, or MobiOne )? Have they conducted any surveys? What were the outcomes? Do they have any validation from potential partners, incubators - or better yet - customers!

4. EXPERIENCE

Are they a repeat entrepreneur? What successes or failures have they had in the past that will add value to the current idea? If they’re a first-time entrepreneur, then look for more traction.

5. DATE FIRST

CoFounding is a “No Dive Zone”. As exciting as a project may be, with founders that may seem awesome, refrain from jumping into things too quickly. Build and work on something small together first as a compatibility and competency test for both parties. But once the dating period is over, get right down to business. Get things in writing (e.g. equity shares, salaries, vesting schedules etc.).

6. PASSION/COMMITMENT

First, are you passionate about the space and the problem the entrepreneur is solving? Second, how long has the entrepreneur been working on this concept/idea? This could be a testament to their willingness to see the project through. How committed and vested are they emotionally & financially? How focused are they on this single idea alone? Be wary of the ‘ideas guy’ who typically can’t execute on any single idea.

7. CONNECTING

There’s a difference between networking and connecting. You want to connect with your potential cofounder and the best way to do this is outside of the office, over lunch, or even a beer. Wait, can you even have a beer with this person!?

8. TECHNICAL & LONG-TERM VISION

What happens after you build the MVP? What will you be building? Will it challenge you? Does the entrepreneur have a long-term technical vision for the product?

9. REFERENCES

What do other people think about them? Check their LinkedIn for references, don’t be afraid to ask them for references and ask around town.

10. AUTONOMY

Will you have input and the freedom to innovate NOT just code all day? Does the entrepreneur take FUN seriously? @Fitly fun is mandatory : )