How Can A Software Development Company Be Your Co-Founder?

Do you know how startups work? They all have a CEO, who is the person that has the idea most of the time. Then they have a CFO, they are the ones who manage all the finances of the company, and then comes one of the important people, without them you might not have a company at all. Yes, we are talking about the CTO. Most startups these days are either app-based or are done with SaaS development services. Without a CTO, you can’t even start with your business. You can’t open a shop like it used to be in the good old times, since now you need to be digital. Your digital product is your business, and your reputation is decided by the quality of that product. Now, with all this going in, you may get confused. It is not so easy to find a good developer to be your Co-founder. Also, you’ll observe that most co-founders are developers and not CA’s or operations managers. Why? This is because a developer is as much involved in the idea as the person who creates it. The developer puts life into the thought of a CEO.

 How About Making A Development Company Your Co-Founder?

Have you ever thought of making a software development company your co-founder? No? But, think of it in a way that they are one entity composed of multiple skilled entities. If you have a good custom software development company as your co-founder, you might do whatever you want. There are benefits that you may never get if you are choosing an individual developer. Though choosing an individual is a great option as well. But, here in this article, where we are going to talk only about how it would be if you choose a development company as your co-founder.

Let’s Understand How It Works

So, choosing a native or SaaS development company might not be as simple as you think. Though, things will be easy if you find the right match. To find the right match for your requirements, you need to work harder on the research part. List out all the companies that might be ready to partner, and then look at their portfolio and understand if it matches. You also need to keep it clear that if they are working with any other organizations by providing them development services, they will not share anything about your project with them. You need to figure out what will be the share and if you will help them with their existing work as well or it will be separate.

It is not the same as hiring that local or offshore software development company because when you hire them, you pay a fixed project fee but here, you share equity. This means that you will share both loss and profit. The amount or percentage to be shared is decided mutually before the project starts. This will keep things easy and will help both companies to avoid any kind of arguments related to their partnership deed. All things should be legally mentioned so that there are no conflicts at later stages.

You may also fix a cash/equity share. This depends totally on the two companies who are in partnership. There are many ways by which you can fix your share, either in terms of equity or cash exchange. Just make sure both of you get benefitted according to the level of work you are going to do. The more you try to know, the better you will get.

What Are The Benefits?

1.    You save time on hiring

You get access to a pool of highly skilled developers who work under the traditional or SaaS development company you partner up with. You don’t have to take interviews, organize training sessions, and more to get the best out of them. They already know what their work is, and even if they don’t, the head of their company will take care of it all.

2.    Expert development services at all times

You get great Native or SaaS development services as those people are experts in the domain. This is where your research plays an important role. Make sure you are asking only the industry experts to partner up with you. Any development agency won’t be able to give your project the touch that the expert one can.

3.    People who already have market experience

You might face difficulties in development and then in deployment and then penetrating the market. But the custom software development company you partner up with might have already faced it, and the chances are that they will be able to solve it. What is better than having an experienced person alongside you all the time? You will avoid many market risks that you can’t avoid if you are working with an individual. Companies always know the market better than the employees.

4.    Less time to develop

Your partner development company will be able to complete the development of your project in the least possible time. This is because they also have a share in that project, and they have a team that can deploy on it. If you are starting out or already have started and just looking for a technical co-founder, they are the ones who can do the work faster than any individual.

5.    Better Discipline

One thing that no one can argue with, they have a work discipline. That is very important when you are just starting in the development industry, or even if you have started, you need the discipline to get things going at the best pace.

Final Verdict

It can be a great decision to choose a local or offshore development company to partner up. They can be a responsible choice for a co-founder. They might also give you what you have been missing, and that is quality and work discipline. With this, we can say that a software development company can be your cofounder. You need to research well to find the best match for your co-founder’s position.