Should You Fire Your Co-Founder?

Should you fire your co-founder?
Over fifty percent of all co-founder relationships end up failing. IIn my experience as a CEO, the first two teams of co-founders to my company didn’t work out. It wasn’t until my third team of co-founders that I got it right.
In today’s video, I’ll explain what are the signs you need to fire your co-founder,is there anything you can do to save your co-founder relationship, and how do you fire your co-founder, , I hope you like it.
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Not You Need To Fire Your Co Founder, But How Do You Fire Your Co-Founder?, But #AskJason w/WSGR - How should I fire my co-founder?, But How to Fire a Co-Founder?, But Co-Founder Mistakes That Kill Companies & How To Avoid Them, But 3 THINGS YOU NEED TO DO BEFORE YOU FIRE A CO-FOUNDER | METASTARTUP #21, But How Do You Fix Your Co-Founder Issues?, But The startup team: should you be a sole Founder or recruit Co-founder?, But Cofounder Vesting 😭 Handling founder shares when things go wrong, But A Visually Impaired Founder’s Journey [Entire Talk], But What Should You Do When Your Co Founder Stops Working?, But Co-Founders 3/3: Effectively Resolve Conflicts Among Co-Founders, But When to Fire a Founder, But How to Handle a Co-Founder Departure, But How Much Equity to Give Your Cofounder - Michael Seibel, But How to deal with a co-founder leaving your company? | Equity distribution | Co-founders agreement, But Co-Founder Conflict & Why I Quit my Startup | How to Fix a Dying Company | Founder’s Journey: Ep.2, But How to Find the Right Co-founder, But Secrets to Finding the Perfect Co-founder for Your Startup, But How to Manage Co Founder Conflicts?

[@BrettFoxstartupceo]

To get your free Startup Pitch Deck Template go to: www.brettjfox.com/startup-pitch-deck-template-youtube/

[@nightrunner1456]

It's like finding a wife!

[@GigaFro]

Hey Brett. Thank for sharing these stories. It is really helping me not feel alone! I parted ways with my previous cofounder when we were raising funds and things just fell through the floor for that company. I am still picking ups the pieces. I found a different team, but for a different idea entirely and we are in the pre-seed raising process. I am not sure this was the wisest decision in retrospect, but I enjoy working with the current team a lot more and believe they are much more capable.

[@BrettFoxstartupceo]

Hey GigaFro, For what it's worth, I think you made the right decision. It sounds like a winning combination if you enjoy working with your new team more, and they are much more capable than your previous team. Best of luck!

[@coulie27]

Tough stuff early days. So many chickens and eggs, hard to get everyone aligned until the revenue is stable and growing !

[@BrettFoxstartupceo]

Yes, it's tough stuff to start a business. Thanks for sharing your thoughts.

[@JohnHwung]

Very excellent content! It would be great if you can write a blog on this, also with experiences of startups you invested and mentored.

[@BrettFoxstartupceo]

Thanks for the kind words, John. I already write a blog on this. You can check it out here: www.brettjfox.com

[@sobujdesigner24]

Hi Sir,
What are you doing?
Are you looking for a professional You Tube Thumbnail Designer and SCO specialist ?
Anyway,
Can we have a meeting to know more clearly?
Thanks

[@bencipherx]

So if you fire them, do you pay them off? I just gave two ppl 2% in my startup in exchange for their tech services and the vesting period is after series A funding, I’d have given a guy 4% who is to build the front end cos I’m backend strong and average at front end but they guy couldn’t join due to his personal issues. So going forward, I will adopt your vesting schedule, however, is there a form of compensation or security for the co-founders/employees. Can I call them cofounders too based on that percentages ?

[@BrettFoxstartupceo]

You can do whatever you want regarding co-founders. There are no rules. However, equity is not candy. The 2% and 4% that you're giving people adds up quickly. Before you know it, you don't have any equity left. So be careful.

[@coulie27]

@@BrettFoxstartupceo agreed. Make sure to measure out the expected value of equity at each stage and put that in line with fair compensation. For a true cofounder, like an all-in long term partner, they'll probably want/need at least 10%. Otherwise they'll only care so much...

[@bencipherx]

@@BrettFoxstartupceo thank you Brett.

[@BrettFoxstartupceo]

you're welcome @@bencipherx