Do I need a technical cofounder?
Our internal research shows that 64% of startups we engage with begin their entrepreneurial journey with a leap of faith - as first-time founders, without the support of a technical co-founder or CTO (Chief Technology Officer).
"60% of startups fail because of problems with teams." Revealed in a study by the Harvard Business Review.
Recognizing the hurdles that come with navigating this type of scenario, we wanted to offer guidance to anyone facing this type of situation.
When searching for a technical co-founder, it's crucial to evaluate not only their technical expertise, but also their personality, work habits, and aspirations. An ideal co-founder should be someone you trust, respect, and feel confident working with on a daily basis.
Below are some key signs you may need a technical cofounder as part of your startup team:
Please check out, or share, our full guide on how to determine if you may need a technical cofounder, and how to evaluate one.