Sunday 21st October 2018

    Prenups for Co-founders - Scott Kupor


    When you start a company, it's you and your co-founder against the world. You will sacrifice everything to build your vision. Sleepless nights, forgoing a social life, letting your health go to crap, and even neglecting your own family are all on the table to achieve your dreams, but it's going to be OK, because you are in it together. Together forever.
    But what if it's not forever? What if you sacrifice everything, and after two years your co-founder needs to find himself? What if his ego gets bruised, because you are the CEO and as the company grows he becomes less important? What if she develops a serious drug problem? What if she turns out to be not quite as talented as you thought? What if he likes partying more than working? What if "shit happens"?
    Well, it can be OK, or it can destroy your company. It all depends on how realistic you are when you set things up.
    Yes, breaking up is hard to do - whether in love or in business. But, at least in business, there are some things founders can do proactively to lessen the pain. Think of it as a common sense prenup to protect your company.
    So, what can you do to help ensure that founder breakups don't end your startup dreams? Here are some things to consider:

    Continued here