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What to Look Out for in Co-Founders?

What to look for in a co-founder? What should you consider when choosing a co-founder? How do you find the right co-founder? This is a recording of our online event that answers these questions - join Hsu Ken Ooi, Victoria Riingen, co-founder and CEO of BeautyBuddy, and Luc Loja, co-founder and CEO of Coverio, as they discuss how they met their co-founders, why they chose them and what they looked for when making the decision. Chapters: 0:00 - Getting Started 1:40 - Introductions 3:00 - Victoria’s Introduction 3:40 - Luc’s Introduction 5:03 - What Attributes to Look for in A Co-Founder 5:45 - Focus on Core Values Instead 7:35 - Common Working Styles Are Important 8:30 - Hsu Ken and Brian’s Origin Story 9.44 - Being Different People is Okay 10:00 - Being Intrinsically Motivated 10:46 - Get Married on the Same Values 11:12 - What Are Founders Over-Optimise For (And Shouldn’t)? 11:37 - Don’t Optimise for Skillsets 12:05 - Why Hsu Ken Advised Victoria to Not Look for A Tech Co-Founder 13:27 - Focus on Growing Your Business First 15.42 - Shared Values over Skillsets 16:35 - Why Hsu Ken Won’t Work With People With Ferraris 17:40 - Value-Driven Conversations 18:18 - Ask Them ‘Why Do You Want to Start a Startup’ 19:06 - Why VCs Over-index on The Need for CTOs 20:05 - Aligned Motivations and Expectations Are Important 21:42 - Find Gritty People Who Won’t Jump Ship 25:23 - Co-Founders Misfit Is the Biggest Reason Companies Die 26:38 - Screening for Motivations 27:52 - How to Evaluate Co-Founders 28:50 - Ask “What is Failure to You?” 29:41 - How Victoria and Pia Started BeautyBuddy 31:41 - How Luc Started Coverio with Zhan 33:20 - Why Luc Screens People’s Stories 34:37 - Hsu Ken’s Sunday Coffee Shop Test 36:22 - How Hsu Ken knew Brian Was the Right Person to Start A Company With 38:48 - Why Part-Time Co-Founders Won’t Work 43:00 - Do Trial Projects Work? 46:05 - Co-Founders Should Be Willing to Do the Work 48:08 - Test: Do An Event Together 50:15 - Hot Take: Should You Define the Problem Space First Before Working Together? 52:45 - Hot Take: Is It Better to Work Together With A Close Friend? 56:10 - Good Friends, Bad Co-Founders: Watch Out for Blindspots When Working With Friends 58:46 - Should Co-Founders Be in The Same Location? 1:03:19 - Should You Define What Success Looks Like Early On? 1:07:35 - Know What Motivates You and Your Co-Founder 1:09:06 - Closing