Loading...
Answers
MenuHow do you define the word "founder"?
Treat this as more of a philosophical question: I'm curious what merits the term founder. Idea, sweat, capital, what carries the most weight to earn the title "founder"? Is this the same for all models (non-profit, volunteer community organization, startup, small business, etc).
Answers
Founder:
When a ship fills with water and sinks.
A founder is a person who's in at the beginning. But beginnings are slippery things. For me there are three characteristics I look at: early contribution, risk, and ownership.
The most obvious founder is the solo founder who worked a long time on their own, took most of the risk, and owns the whole company. When they eventually hire employees, those people come into an established structure and are just there for a paycheck. Those employees didn't make an early contribution, they aren't taking much risk, and don't have ownership, so they're clearly not founders.
It gets fuzzier when you have more people, especially ones who didn't all start at the same time. If two people bump along for a while and add a third, can one call that third person a founder? Often I'd say yes when that third person made key early contributions, took a lot of risk, and was rewarded with a significant percentage of the company. They weren't there at day 1, but they still joined before the company had significant investment or traction. Without them, the company really wouldn't be the success it ended up being.
An example from my own life: I was one of 6 people who were there at the beginning of Sidereel. I spend a couple of months with them defining the product and writing a lot of the early code. But then I left to do other things. Was I a founder? I say no: I was there from the start, so I made an early contribution, but by leaving I passed on the risk and the ownership.
Related Questions
-
Is it OK not to have CTO co-founder?
In my last two start ups I have invested heavier into my team than i have in the past and it has paid off big. Hiring an expert in their position has proven to be one of my most successful and stress free action in business. I will add this to my best practices. If you want to learn more about what I've learned and some resources on where to look, schedule a call now while my rates are discounted for the next 24 hours.AF
-
How can I raise funds for a new startup studio?
As someone who is deeply involved with startup studios, here are a few hints. 1. First, calculate your optimal scale of operations. In our startup studio this was about 12-15 people core team + dedicated ceo-s for each startup experiment 2. Raise funds for the studio, for at least 12-18 months. Your options: - use your own money - do agency work - get direct VC investment (hardest one, you will need traction) - get corporate financing 3. Raise funds for your startups that are ready for it. More on the topic here: https://medium.com/@aszig/startup-studio-advice-2-how-to-raise-funds-for-a-newly-created-venture-builder-cfff0602d14#.4it9foo5hAS
-
What is a better title for a startup head....Founder or CEO? Are there any pros/cons to certain titles?
The previous answers given here are great, but I've copied a trick from legendary investor Monish Pabrai that I've used in previous startups that seems to work wonders -- especially if your company does direct B2B sales. Many Founders/ CEOs are hung up on having the Founder/ CEO/ President title. As others have mentioned, those titles have become somewhat devalued in today's world -- especially if you are in a sales meeting with a large organization. Many purchasing agents at large organizations are bombarded by Founders/ CEOs/ Presidents visiting them all day. This conveys the image that a) your company is relatively small (the CEO of GM never personally sells you a car) and b) you are probably the most knowledgeable person in the organization about your product, but once you land the account the client company will mostly be dealing with newly hired second level staff. Monish recommends that Founder/ CEOs hand out a business card that has the title "Head of Sales" or "VP of Sales". By working in the Head of Sales role, and by your ability to speak knowledgeably about the product, you will convey the message that a) every person in the organization is very knowledgeable about the ins and outs of the product (even the sales guys) and b) you will personally be available to answer the client's questions over the long run. I've used this effectively many times myself.VR
-
As an entrepreneur and founder of a mobile app startup, what skills are required for me to know?
The answer is what you do best! I have seen from programmer to UIX Engineer to Marketing or someone who dont know any of this managing App Developing Team. As any other business knowing HR and having clear vision and understanding of the industry is most important. In generally a Mobile App StartUp should not be a very big Team, I am assuming 3-10 is ideal team size. But retaining good developer and designer in most demography is a challenge. If you have not a programmer you could hire a CTO, if you are not a marketer you could hire a CMO. But to really run a company like Pro, a insider you have to have clear idea, which language, framework platform you are using, how marketing for your specific sector. You dont have to code, but you need to have basic idea, so you could at least understand your team's work load and time frame. Or you could also have a co-founder who knows what you don't. I hope it gives you some idea. I could give specific answer if I know your specific situation. Best of luck!MA
-
What do you do when your vision for the company diverge too much from your partners'?
Congrats on the success you have achieved in just 3 years! That's statistically uncommon and reveals that the initial focus of the company was effective and worth reviving. Yes, it must be frustrating to feel like you are the only one carrying the company uphill. I've been in a similar position. First, I suggest you take responsibility for the position you currently find yourself in. It's easy to cast blame on people and circumstances outside of yourself. It's the most common first reaction. If you really think about it though, you will realize that where you are did not appear overnight. Every day for the past 3 years you have either consciously or unconsciously agreed to move towards where you are now. By doing that you are no longer a victim of circumstances and can move forward from a place of power. As the primary producer in the company you do have the leverage however, you also need a pro-active plan to promote using that leverage and it needs to be something that benefits everyone involved. First of all I would check your perspective on the whole situation by calling a meeting of stakeholders to recalibrate the company vision. The idea here is to get everyone to tell you what they see as the primary problems with the company right now and where they each would like to see things improve. You need to see what everyone else is seeing not only what you are seeing. This meeting in and of itself might change your perspective entirely. If it reveals nothing that profoundly changes your view then move on to the next step. If you are the star salesperson then you have a method by which you get results. Try creating a sales training program out of that method and then go to the team and present this training plan. There are books and resources online on how to create a sales training plan like this. The goal is to duplicate and systematize how you achieve your above average results. Frame the plan as a way to get all the other team member goals accomplished. Whatever those goals are, inevitably they will require more money. By using your leverage as the star salesperson and taking the initiative to create a program that will effectively create more star salespeople then you are bound to create more revenue for the company. This way your goal is a means to an end for everyone else's goals. This way you get unanimous buy-in. Set a goal of 8 weeks or so to implement this training across the enterprise. Provide bonuses and other incentives to participants to achieve this goal as well as longer term sales increase goals. Create company-wide perks for achieving these long-term sales goals. Maybe a retreat somewhere awesome? You get the picture. The idea is to create a win-win situation for everyone to get going in a positive direction that will, in the end, alleviate your present problem as well as achieve a greater success for everyone involved. Hope that helps. Best of luck!CV
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.