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31-Jul-2019 00:50

Doing side projects with people helps you figure out what you want and don’t want in a cofounder and if you work together.

Many people look to current or former colleagues as potential confounders.

However, working with someone within the culture and organizational framework of an existing business is not the same as working with a person as a partner in a new business.

We recommend that you work with someone on a “side project” before taking the leap of quitting your job to start a business with them.

Needing a co-founder is a fairly unique quandary with a narrow pool of potential users.

Which makes it somewhat impressive that Co Founders Lab, an online matchmaking service for co-founders, has amassed 10,000 users.

Developers, designers and engineers make up around 35 percent of members; biz dev is 45 percent and the rest are more specific roles. Venture firms often schedule meetups for potential cofounders to connect and start a-founding. Co Founders Lab has now built branded, white-labeled versions of its portal for clients, similar to what project-connection site Collabfinder has begun doing for colleges and organizations.

Co Founders Lab has now built internal portals for Harvard, Columbia, NYU, The Founder Institute, Startup America and Tech Stars, Kaviani says.

Also, starting and running a business requires an enormous amount of expertise and knowledge.The largest chunk of Co Founders Lab's users are looking for someone to join their idea.A quarter are looking to join someone else's start and 29 percent are open to either.Jessica Alter describes Founder Dating as Linkedin for entrepreneurs.The site is a place for finding co-founders, advisers, networking with other entrepreneurs and engaging in discussions about building a company.

Also, starting and running a business requires an enormous amount of expertise and knowledge.

The largest chunk of Co Founders Lab's users are looking for someone to join their idea.

A quarter are looking to join someone else's start and 29 percent are open to either.

Jessica Alter describes Founder Dating as Linkedin for entrepreneurs.

The site is a place for finding co-founders, advisers, networking with other entrepreneurs and engaging in discussions about building a company.

It's biggest competitor now is probably Founder Dating, an invite-only site which last year launched an education-focused vertical.