10 Important Questions That Must Be Discussed With Your Startup Partner


Bangalore: The strength of a startup is its own idea, but the idea can be well executed when it is backed with proper support from a co-founder. A co-founder constitutes the back bone for the business along with other founders because each partner has his own idea towards the business which can reap huge profits in the long run. When friends, partners and family members start a business it is very important for them to foresee the consequences that may occur in the long run of the business.

Though few points may fall under the category – ‘Not to be discussed so early’, it is necessary to discuss every point from the birth of a startup until its unpredictable death right at the beginning. We have seen some startups like Facebook and such other companies where the startup works successfully but co-founders split as they have egoistic attitude or discussion of few points were considered to be irrelevant when it was most necessary. Here are few questions that can help your startup grow without many discrepancies, working with the co-founder.

Question Ten: How should we divide the shares of the company?

Shares, profits and revenues can be the first reason for a co founder to leave the company. If a co founder is not satisfied with the remuneration that he gets it is simply obvious for him to be unhappy and look for other options. This is the question that must dealt with proper planning and patience. The answer can be in the ratio between the partners or generally and quite rarely – ‘Let’s divide them equally.’