Should You Fire Your Co-Founder?

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Should you fire your co-founder?
Over fifty percent of all co-founder relationships end up failing. IIn my experience as a CEO, the first two teams of co-founders to my company didn’t work out. It wasn’t until my third team of co-founders that I got it right.
In today’s video, I’ll explain what are the signs you need to fire your co-founder,is there anything you can do to save your co-founder relationship, and how do you fire your co-founder, , I hope you like it.
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Опубликовано:

22 июл 2024

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Комментарии : 14

@BrettFoxstartupceo 5 месяцев назад

To get your free Startup Pitch Deck Template go to: www.brettjfox.com/startup-pitch-deck-template-youtube/

@nightrunner1456 Месяц назад

It's like finding a wife!

@GigaFro 2 месяца назад

Hey Brett. Thank for sharing these stories. It is really helping me not feel alone! I parted ways with my previous cofounder when we were raising funds and things just fell through the floor for that company. I am still picking ups the pieces. I found a different team, but for a different idea entirely and we are in the pre-seed raising process. I am not sure this was the wisest decision in retrospect, but I enjoy working with the current team a lot more and believe they are much more capable.

@BrettFoxstartupceo 2 месяца назад

Hey GigaFro, For what it's worth, I think you made the right decision. It sounds like a winning combination if you enjoy working with your new team more, and they are much more capable than your previous team. Best of luck!

@coulie27 5 месяцев назад

Tough stuff early days. So many chickens and eggs, hard to get everyone aligned until the revenue is stable and growing !

@BrettFoxstartupceo 5 месяцев назад

Yes, it's tough stuff to start a business. Thanks for sharing your thoughts.

@JohnHwung 4 месяца назад

Very excellent content! It would be great if you can write a blog on this, also with experiences of startups you invested and mentored.

@BrettFoxstartupceo 4 месяца назад

Thanks for the kind words, John. I already write a blog on this. You can check it out here: www.brettjfox.com

@sobujdesigner24 5 месяцев назад

Hi Sir, What are you doing? Are you looking for a professional You Tube Thumbnail Designer and SCO specialist ? Anyway, Can we have a meeting to know more clearly? Thanks

@bencipherx 5 месяцев назад

So if you fire them, do you pay them off? I just gave two ppl 2% in my startup in exchange for their tech services and the vesting period is after series A funding, I’d have given a guy 4% who is to build the front end cos I’m backend strong and average at front end but they guy couldn’t join due to his personal issues. So going forward, I will adopt your vesting schedule, however, is there a form of compensation or security for the co-founders/employees. Can I call them cofounders too based on that percentages ?

@BrettFoxstartupceo 5 месяцев назад

You can do whatever you want regarding co-founders. There are no rules. However, equity is not candy. The 2% and 4% that you're giving people adds up quickly. Before you know it, you don't have any equity left. So be careful.

@coulie27 5 месяцев назад

@@BrettFoxstartupceo agreed. Make sure to measure out the expected value of equity at each stage and put that in line with fair compensation. For a true cofounder, like an all-in long term partner, they'll probably want/need at least 10%. Otherwise they'll only care so much...

@bencipherx 5 месяцев назад

@@BrettFoxstartupceo thank you Brett.

@BrettFoxstartupceo 5 месяцев назад

you're welcome @@bencipherx