Co-founder is a term developed to recognize the adventitious of more than a person who begins a business from scratch. A co-founder is often involved in the startup’s initial planning or may join in the startup trial stages as the founder sees in him or her someone who complements his or her skills or lacks them.

Finding the Right Co-Founder in India

People should be cautious while choosing a partner who can be the co-founder of the startup. There are startup approaches you can adopt today to look for a co-founder who suits the objectives of starting up and growing the business in the dynamism of the Indian market. This response gives an empirical view of the techniques to follow when seeking a co-founder for your startup venture.

Here are some tips for finding a co-founder for a startup in India:

• Interact with Startup companies and Events – India has massive startup activities and many associated with them. In these events, you can interact with other like-minded business people. Use the possibility to share your ideas about startups and look for people willing to co-found the startup with you.
• Get more talent and potential co-founders from the Internet. The Internet allows for the discovery of many talents and potential co-founders. Social networks, such as LinkedIn and Angel List, and special forums to meet other startups will enable you to present your startup idea and find people with the necessary skills and experience. You must be the one to assume the position and approach the networking and prospecting processes with an eye on those profitable symbiotic relationships to be formed.
• Engage in startup accelerators/incubators – Involvement in incubators and accelerators has become significant with the help of the partnerships between the established and startups. Most of these organizations have also been established and are usually affiliated with networks of experienced entrepreneurs and industry professionals. It is also possible to apply to suitable incubation programs or accelerator cohorts to get to know potential co-founders and to receive precious mentorship and advice. These initiatives often help to combine founders with related competencies and experience.
• Go for hackathons and pitch competitions—Hackathons and startup events are some of the best chances to work with like-minded, creative-minded people. By attending these events, presenting your startup idea, and associating with like-minded participants during the competition, you can evaluate potential co-founders’ compatibility and teamwork. These environments enable you to see how harmoniously or nilly you coordinate and ensure vision.
• Ensure that they have the right values, skills, and vision as yours – This is important since the co-founder is going to have a close working relationship with your company. As one looks for their co-founder, it’s important to find someone who brings a different set of skills, different background and share similar values. Look for persons whose strengths complement your weaknesses to ensure that the founding team has a balance of skills and expertise. Another important factor is to have a similar vision of the startup’s development and objectives alignment.
• Source capital from Angel Investors: An Angel investor, on the other hand, is an individual who invests in startups to be rewarded with equity of ownership of the business. These investors invest only their own money, those willing to lose it to fund potentially lucrative opportunities. They can be a significant source of funds for young startups that may not cut big-bank loans or venture capital investments.
  In this respect, angel investors are also people with vast social capital. For instance, they can introduce you to a co-founder or an advisor with the right skills. Partnering with local angel investors can, therefore, assist you in sourcing the right partner to help you develop your startup. Hence, you will benefit from partnerships with angel investors due to their resources and networks.

• Online professionals – employment sites such as LinkedIn, tweets, face book may be useful in sourcing for a co-founder for the startup in India. Some of the ways of reaching out to the potential partners, include direct messaging, requesting introduction to a potential partner from a shared connection, or even creating posts on your social media accounts indicating your search for a partner.

It is not easy to find the right co-founder for your startup in India, but there are ways to choose the appropriate one. Network aggressively and spend time identifying someone who is willing to work on building the business. This will enable you to source the right co-founder with a vision that is in line with that of the startup and who will greatly contribute to the success of the business.

FAQs

Where do I go to find my co founder?

Co founders can be found personally at business networking events, co founder dating sites, cofounder social networking sites, cofounder online forums, and freelance platforms.

Which channels should you use to find the co founder for your startup?

Here are some of the best platforms to find a co founder for your startup: Lab, Founder Dating, AngelList, LinkedIn, Meetup, and Matchvalley.

So, where do you find marketing co founders?

You can go online to search for a marketing co founder, participate in events and meetings, join communities, turn to special co founder matching websites, address friends, acquaintances, and contacts, and contact marketing companies.

Can a co founder resign?

Of course, a cofounder can resign. The process and its impact are determined by documents regulating the company and the situation.

How can I ensure that the cooperation with my co founder will succeed?

To encourage partnership, communication should always be direct. The two parties should have similar values, and the goals should correspond. Initially, cooperate on forming relations of task delegation, sharing resources, division of profits or losses, and policy-making.

Do the co-founders also get paid, or do they not get paid?

Yes, the co founders of the business firm may draw their basic wages or compensation or not do so, depending on the arrangements between the co founders.

What if I can’t find a co founder in the first instance?

Concentrate on developing your startup, improving your idea, and promoting its adoption. Network and interact with other startups, and do not rush to find the right partner to work with.

founder and co founder difference?

The founder is the one who develops the idea and starts the process of forming a company, who can create the company on their own. A co-founder is a person who begins the process of formation at the same time, thus sharing many responsibilities, liabilities, and ownership. Both of them help in establishing the business, but in most cases, the founder is the one who initiates the process of setting up the company, and the co-founders assist in the process.