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Has anyone else learned the hard way about choosing the wrong co-founder?

4•egldmila•2h ago
So… this happened about 2 years ago and I’m still recovering from it tbh.

I had this “brilliant” idea for a SaaS tool (yeah, I know, another one lol). But instead of going solo, I thought I needed a technical co-founder since I’m more on the business side. Found this guy through a mutual friend who seemed perfect — great coding skills, similar vision, and we clicked during our coffee meetings.

Big mistake. Here’s what went wrong:

First red flag I ignored: He wanted 50/50 equity split from day one, even though I had already done 6 months of market research and validation. But hey, I was desperate for a tech person.

Things started falling apart around month 4. He’d disappear for weeks without updates, then show up with code that barely worked. When I tried to discuss deadlines or priorities, he’d get defensive and say I “didn’t understand the technical complexities.”

The final straw? I discovered he was working on a competing product using OUR code base. When confronted, he claimed it was just a “side project” and that I was being paranoid.

Legal battle lasted 8 months. Cost me about $15k in lawyer fees and basically killed the startup momentum completely. The worst part? I had to rebuild everything from scratch because he owned half the IP.

What I learned (the hard way):

Vesting schedules aren’t just for employees — they’re CRUCIAL for founders too Clear written agreements from day one, even with friends Regular check-ins and milestone tracking aren’t micromanagement — they’re survival Trust your gut when someone’s communication style doesn’t match yours Now I’m working with a new co-founder (found through Y Combinator’s co-founder matching). We spent 3 months just working on small projects together before making it official. Way better approach.

Anyone else have horror stories about co-founder breakups? Or am I just unlucky?

Would love to hear how others vetted their co-founders or if there are red flags I should’ve caught earlier.

Comments

andy99•1h ago
50/50 equity split is not a red flag (although it may be useful for one person to have 50% + one share do that there is an official decider).

The split at early startups is about the future, not the past, your six months work is in most cases meaningless vs what's to come. There's been lots written on this.

Michael Siebel talking about this here; https://m.youtube.com/watch?v=DISocTmEwiI

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