Co-founders tend to do better when they have a clear division of responsibilities, a clean decision on who is CEO from the beginning, and the ability to communicate well with each other. “One of the biggest reasons founders fight is that they have a lot of overlap in either role or decision-making, or they both think that they are the person in charge, or that they should be the person making the final decisions,” Elad Gil, a successful startup founder and angel investor, told me. Co-founders may start off perfectly amicably, but when a hard decision needs to be made to determine the direction of the company, it’s essential to know who the decision-maker between them is.
I occasionally add a personal note to them.
The whole collection is available here.