Did you know that 65% of startups fail because of conflict between co-founders?

According to research by Harvard Business School, disagreements over vision, roles, or expectations are one of the leading causes for such conflict.

Many entrepreneurs waste valuable time searching for a ‘perfect’ co-founder. The truth is, perfection doesn’t exist, and waiting for an ideal match can slow down your progress. So, how to choose the right co-founder?

We suggest to follow the principles below:

1️⃣ Complementary Skills: It’s important to have a partner who brings different skills to the table.
2️⃣ Aligned Values and Vision: shared values and a common vision are what build trust, understanding and compatibility.
3️⃣ Trust Over Titles: A successful partnership is built on clear communication and mutual respect rather than hierarchical titles.
4️⃣ Role clarity: There should be a clear division of functions between founders, such that one doesn’t step on another’s shoes. A clear definition of the role, responsibilities, targets and accountability keep the relationship healthy and fruitful.

For better understanding, consider the story of Stayzilla. Founded by Yogendra Vasupal and Sachit Singhi, Stayzilla was a pioneer in India’s homestay market. However, despite its initial success, the company shut down in 2017 due to escalating conflicts between its founders. Disagreements over financial management and strategic direction led to legal battles and irreparable damage to their relationship, ultimately resulting in the company’s closure.