Entrepreneurial Masterclass
Chapter 1 - HR Matters

Lesson 7: Exercise - Vetting Co-Founders

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Exercise: Finding & Vetting Cofounders

Finding a cofounder can be difficult, but the first step in finding any new team member is to understand-

WHAT SKILLS YOU NEED, WHY YOU NEED THEM, AND WHEN YOU NEED THEM.

Please take the time to answer the following (if you already have a cofounder, please answer the questions about them):

    • Why do you need a cofounder? What will this individual be doing?

    • This response will be awarded full points automatically, but it can be reviewed and adjusted after submission. 

  1. What skills do you lack that you need to succeed as a business?

  2. Can you learn these skills quickly and affordably yourself?

  3. How much do people with these sets of skills get paid?

  4. How much control does this person need to be effective?

  5. Given the level of control needed by the cofounder, how much trust in them do you need to have?

  6. What would you give up having this person come onboard? How much in cash? How much of the company would you give to this person?

  7. Do you have the resources to compensate and take care of them?

  8. How quickly do you need this person to come onboard?

  9. What tasks will you be able to offload to this person? What additional capabilities will this person bring to your start-up team?