How To Find A Tech Co-Founder With These 5 Steps

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If you are looking for a co-founder and can’t find one, you can probably improve your perspective.

How To Find A Tech Co-Founder

In society, there are very few people who are inclined towards business and risk: only 0.33% of people become entrepreneurs every year. And among the developers, very few of them are risk-takers. Generally, a person who is inclined towards entrepreneurship will not go to spend his life in IT, and if he becomes a developer, he will soon go into top management or quit working on his ideas. will give.

Therefore, risk-less IT developers are less likely to stumble. And so it can be very difficult to attract them.

How To Find A Tech Co-Founder Before presenting a project to an IT engineer, you must first understand what motivates them, what they are striving for, and what is important to them.

1. Try to understand the psychology of good IT developers

The situation is that the market is full of companies paying $ 200,000 or more for relatively easy work. In most cases, this salary is not only enough to meet all the basic needs of the programmer. At the same time, those who become IT developers are less likely to be greedy. That is, their real motivation is usually not money. There is not much desire to move the mountains for the sake of imaginary millions.

When a business person (first founder), risk-averse and big money-hungry, finds a developer (ideally, second founder) who does not like risks and all his needs are already met, the result can be a misunderstanding. They don’t just value each other’s goals. These different worldviews can help promote strong business, but first, they have to agree.

The businessman may think that he has found some kind of lazy person. They think I offered him a way to make millions if he only tried! But he refused and chose to work for hundreds of thousands! And the developer will probably think that the business person is just another bully who wants to work for free when the average person usually sets six numbers. For successful interaction, it’s important to understand this difference in perspective.

2. The right way

Most experienced engineers with advanced soft skills can make good co-founders – if they see that it makes sense for them to leave their comfortable job to try to develop your idea. Give This means that they must understand that even if the plan fails, they will benefit in some way. For example, mastering an inspiring paragraph or new promising technology on a resume. How To Find A Tech Co-Founder

To achieve this, the project must meet one of the following requirements:

Working on a project should be like a hackathon, not hard work. Short struggles – and potentially great benefits. For example, you might say that you plan to work on a demo for four days, show it to investors, earn $ 100,000, and go to Startup Accelerator.

Then, a month after the review, you plan your startup to get an estimated multi-million dollar, and on Demo Day, you close the seed round for $ 500,000. It captures the great potential benefits, considering that the developer only has to spend a full four days on the demo.

Your project might look good on a tech co-founder’s resume so they can look for a potentially higher-paying job. For example, you want to create an application on the stack that they want to study but can’t in their current position. Think of Things like neural network machine learning, and blockchain.

The developer likes the idea, it can make the world a better place and the developer is very excited to bring it to life.
For example, of course, all three of these conditions are met. How To Find A Tech Co-Founder

3. How to pitch a project.
If you can’t test assumptions, find customers, reach investors, and sell and promote, then you are useless in a technology project as a co-founder. You will not find a good tech leader who will be happy to work with you.

Therefore, when communicating with a developer, you should already have the answers to all the basic questions:

What is the proof that there will be demand for future products?

How will we promote the product?

What is Product Unit Economics?

Where is the money in this?

How Much Money Can You Make?

How much effort do you need to put in to get results in the near future?

Where can we find investment?

Where will we find customers?

What are our competitive advantages?

If there are no answers to these questions, you don’t need a partner, you need an online course in marketing and sales, and then many years of on-the-job training where you can hone your skills. Are

4. Real examples of pitches to co-founders.

There are only a few minutes left on the pitch to interest them. Here are two real examples I saw that I was approached as I remember. How To Find A Tech Co-Founder, In short, you should present your idea this way and not do it.

I have an idea for a social network for those who love art. We’ll make a prototype, show it to investors (who I don’t know yet, but I think someone will be interested, now they’ll invest in anything). We will get a minimum salary of $ 200,000, then promotion is not a problem. We will buy the ad online and hire a marketer. The idea is, all my friends said they would use it.

Good: I’m doing CRM for construction workers, I’ve been in the construction industry for 10 years. I know many leaders of big construction companies, I have already agreed on three pilots with one company, one of them has already taken a small step forward.

I’ve already talked to interested funds and a startup accelerator, and I know a designer has a basic design on four screens, giving me a simple technical prototype to implement. ۔ Need help from a good developer? If the prototype is successful, we can open a new market of 12 billion.

5. Where to find experienced and risk-tolerant developers.

Hackathon / Online Competition – There are many active and intelligent people who like and know how to build a technical prototype in a short time, and they may already have well-coordinated teams.

Obviously, you need someone, not from the bottom of the scoring list.

Meetings and Conferences – How To Find A Tech Co-Founder Many developers who want to take the next step in their careers go.

Deleting Websites – There are companies, such as Smartbrain.io, whose core business is hiring only the best developers (seniors, tech leads, and tech executives). Contact someone who works in your area of need, or just hire someone to get you started.

Chat rooms in Telegram / Slack – there are many of them, including those where developers talk about their pet plans. Having a pet plan is a good sign that someone can be a co-founder.
Github – Developers who release their libraries to the public are also great co-founders if they get a reasonable offer.

Ycombinator Startup School – Ycombinator Accelerator also has a service for finding co-founders in this startup community.