{"id":43218,"date":"2023-10-20T15:26:58","date_gmt":"2023-10-20T15:26:58","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/five-key-tips-to-finding-your-ideal-co-founder-startupsmart\/"},"modified":"2023-10-20T15:26:58","modified_gmt":"2023-10-20T15:26:58","slug":"five-key-tips-to-finding-your-ideal-co-founder-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/five-key-tips-to-finding-your-ideal-co-founder-startupsmart\/","title":{"rendered":"Five key tips to finding your ideal co-founder – StartupSmart"},"content":{"rendered":"
Finding a co-founder is one of those things that can happen in an instant or it can take months of fruitless searching.<\/p>\n
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While a lot of it depends on an entrepreneur\u2019s networks and specific requirements, it seems there is also an element of luck involved, and not everyone is fortunate enough to find their co-founder in a chance meeting.<\/p>\n
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Indeed, some entrepreneurs go to great lengths to find the perfect co-founder.<\/p>\n
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Melbourne-based entrepreneur Marc Harrison offered a $2,000 bounty<\/a> during his hunt for tech co-founders, while Sydneysider Ryan Wardell set up Cofounder Speed Date<\/a> following his own struggle to find a sidekick.<\/p>\n <\/p>\n Even start-up powerhouses like Pollenizer have been known to put the feelers out for co-founders.<\/p>\n <\/p>\n Earlier this week, Pollenizer said it was seeking co-founders for four of its start-ups. And these start-ups aren\u2019t duds either.<\/p>\n <\/p>\n One would involve a partnership with a Skype co-founder while the other would involve working with the former chief executive of CareerOne.<\/p>\n <\/p>\n It\u2019s also worth noting an increasing number of accelerators have specific requirements regarding co-founders.<\/p>\n <\/p>\n In January, StartupSmart<\/i> spoke to Australian start-up 7write.com about its struggle to find a third co-founder after being selected as a finalist for Startupbootcamp Amsterdam<\/a>.<\/p>\n <\/p>\n On its website, Startupbootcamp Amsterdam says it prefers teams with three or more founders.<\/p>\n <\/p>\n \u201cYou can apply with two founders but to really accelerate your start-up we prefer a strong team of three people,\u201d it says.<\/p>\n <\/p>\n Closer to home, Melbourne-based start-up accelerator AngelCube recently announced it won\u2019t be taking on sole founders in future rounds.<\/p>\n <\/p>\n \u201cI think we\u2019ve learnt some lessons from the last round,\u201d AngelCube co-founder Adrian Stone told StartupSmart<\/i> in April.<\/p>\n <\/p>\n \u201cWe had too many sole founders and quickly realised being a sole founder is too much of a big task\u2026 [in a three-month program].<\/p>\n <\/p>\n \u201c[We realised] our program is not going to happen for a sole founder. We\u2019re looking much more at teams.<\/p>\n <\/p>\n \u201cI think what we\u2019ve learnt is one founder is too few and four is too many. The jury\u2019s out on whether two or three is right.\u201d<\/p>\n <\/p>\n This means more start-ups are scrambling to find good talent, and find it fast.<\/p>\n <\/p>\n