Hi Colette, I have cofounded a few startups being not only another city away, but another country and timezones apart. I think it really depends on if your values and vision align. Having done this few times now and experienced ones that worked and ones that fail - you really should have a very solid relationship with them already. Be upfront about what you can both commit - time, money, resources etc and of course how each other want to eventually exit the business. Consider if you were cofounding a not-for-profit - would you still want to do it with this person? It's a matter of trust and this factor alone has been my sticking point. I consider the cofounding partnership to be challenging second only to marriage! Some food for thought?
Answered 10 months ago by Shelli Trung
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