Recent research has shown that up to 43% of startup founders end up buying out their cofounders due to conflicts and power struggles. The study found that lead founders tend to focus more on skillsets and execution, while potential cofounders prioritize interpersonal compatibility. This discrepancy in priorities often leads to the breakdown of cofounder partnerships.
To prevent these splits, the authors suggest three recommendations for both lead founders and potential cofounders. Firstly, it is important to empathize and understand the perspective of the other person. Secondly, don’t overlook the significance of interpersonal relationships during the initial discussions. Lastly, consider collaborating and co-creating the idea with a partner to ensure alignment and mutual understanding.
By following these recommendations, lead founders and potential cofounders can hopefully reduce the chances of conflicts and power struggles in their partnerships. Ultimately, prioritizing communication, empathy, and collaboration can lead to more successful and sustainable cofounder relationships in the startup world.
