The first matter for you to conclude is to agree the terms of a shareholder agreement between the two founders. This shareholders agreement should govern the management of all significant governance matters. Without this you will subject to the constitution documents of the company and local co...
I am currently the CTO of a vibrant online marketplace. As prior responders said, we started with demand. Once we had people who wanted to pay for our services, it was easier to find suppliers to fulfill the demand. In addition, we started with a narrow focus, and then expanded. We are a lo...
Hey, A few points (and as someone who has sold a digital agency, I have some experience here) 1) "This is the biggest decision of my life"... No it isn't. Not even close. I mean no disrespect but, agencies are easy to start back up. You build a team, build a client base, maybe take investors, ...
I don't live in Chicago, but there is a Co-Founders Lab there that provides networking opportunities to find fellow entrepreneurs and co-founders. Here's a link for more info: http://www.1871.com/cofounderslab-comes-to-chicago/
Have an interview plan. What is the purpose of the interview? Don't be wishy-washy. Your two questions today could have used a lot more detail. I do many of these (and am an expert guest) on my blog at http://www.salestactics.org. Here's an example of several: http://www.salestactics.org/sales-e...
In my more than a decade of experience I have worked on either side of the table. From being a consultant to hiring a consultant to running my own business consulting company. I believe you should think more about the things that you should ask the consultant than questions a consultant may ask t...
It's good that you know what you want, but I expect that here you will be constrained by the market. I've been involved in startups a long time, and I have honestly never of a developer who is not only being asked to work for no salary, but to buy in with cash. You may see it as "giving away equi...
If you're an accredited investor then I would suggest signing up for Angel List www.angel.co and invest in 10+ syndicates at $1K per deal so you can get a portfolio created. This will give you diversity + doing it via syndicates you know other smart people are supporting the entrepreneur vs. jus...
Few suggestions: - When you say your customers like your product, how do you know that. - I would recommend asking customers specific questions that correspond to the strengths and features of your product, e.g. 'Are you concerned with your on-premise costs of HW maintenance ?' while you're addr...
What I would offer to you is this piece of advice. First, don't rush to start a business. When you are "tired" after having been in a certain job or certain industry or anything actually, the first thing to do is to take a break. You can't be objective or clear right after you exit somethi...