Why do you need business and technical founders for your startup? Let’s start with the obvious: startups are half business decisions and half technical decisions. Your startup will die if you remove one part or the other. Your technical cofounder handles the engineering side of things and the business co-founder handles the business side of things. Now that we’ve stated the obvious, let’s move forward in more detail.
The Two Types Of Founders
Technical founders are the individuals who know the code, language, and back end of your start-up. The technical founder should know their technical decisions will have a huge impact on the overall health of the startup. One thing that remains crystal clear in the midst of all of this innovation: If you’re going to succeed, you’re going to need a technical visionary to guide you on your quest.
Business founders have the ability to walk the walk with investors, communicate effectively, filter opportunities and run the start-up like a well-greased engine. Any good business co-founder should have domain expertise in the business of your specific sector and have the ability to think fast and execute.
All Part Of The Team
Many startups are going to create something that has never existed. The technical skill that is required is immense. Naturally, it’s difficult to be a deep expert in multiple areas. That’s why co-founding teams are crucial to the success of any startup. Each co-founder is the expert in their area of the startup.
It will take time to find the right match, and it really is very much like getting married. If you jump in bed (so to speak) with the first co-founder you meet, it may turn out like a Las Vegas-style marriage and end with a messy divorce. Choose wisely. Persistence and mad passion are the name of the game.