That happened to me but I got a replacement from their reference, so we still maintain a good relationship afterward. By the way, can you give me tips about dealing with founders from another startup that already have some investment and want to collaborate with us or acquire our startup? I think it's very tricky to deal with them because in some way they are our competitor.
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Hopefully, this never happens, but forewarned is forearmed. Thank you for sharing the wisdom.
You're welcome. I'm glad you found this video useful.
i found out that weakness in any form is great way to filter out a good co founder.
Thanks for sharing your thoughts.
That happened to me but I got a replacement from their reference, so we still maintain a good relationship afterward.
By the way, can you give me tips about dealing with founders from another startup that already have some investment and want to collaborate with us or acquire our startup? I think it's very tricky to deal with them because in some way they are our competitor.
I'm glad things worked out between you and your friend.
You didn't tell what to do if cofounder leaves
I think you're right. I didn't do that directly, but I think it's pretty obvious: Recruit a replacement. That's what I spend the bulk of the video on.
@@BrettFoxstartupceo Do they lose their shares if they quit?
@@ifeomaibeneme6077 they should lose whatever shares haven't vested yet.