I haven't got a reference for this statistic, so I'm just going to make it up...
"91.5% of great ideas for new products or services come from founders who don't have the necessary expertise to build them." - No one. Ever.
The point is, it doesn't matter what the stat is, but if you're reading this article, then you're probably one of those people that have a great idea, but no idea or capability of how to build it.
Don't worry, I was there myself once too. I had a great idea, but no way of bringing it to life. Or at least I thought.
Now I couldn't ask ChatGPT back then, but if I did, below is what it would have said. And I've added my own personal comments for what worked for me, and what didn't.
Here's What AI Says
Finding a technical co-founder for your startup is often one of the most critical and challenging tasks for non-technical entrepreneurs. A strong technical co-founder can bring the necessary skills to build your product, navigate technical challenges, and help scale your business. Here’s a guide on the best ways to find a technical co-founder for your startup.
1. Leverage Your Network
Start with your existing connections. Reach out to friends, colleagues, or acquaintances who may have a technical background or know someone who does. Attend industry events, meetups, and conferences where you can network with like-minded individuals. Sometimes, the best co-founder might be someone you already know but haven't considered yet.
Ian says: "This is an obvious one. Most of my mates had jobs, and weren't in tech. A good place to start, but unlikely to yield the solution. Be very cautious of working with friends too. I'm a hard 'no' on that topic."
2. Participate in Startup Events and Hackathons
Startup events and hackathons are great places to meet potential co-founders. These environments encourage collaboration, problem-solving, and innovation, providing you with the opportunity to see how potential partners work under pressure. Events like these also attract passionate individuals who are often looking for opportunities to join new projects.
Ian says: "Like speed dating, rarely results in a match. If you're a person with family commitments, your ability to go to 3 events a week is highly limited. I tried a lot of these. Not only did I not find anyone, I also felt like the oldest person in the room."
3. Join Online Communities
The internet is full of communities where technical talent gathers. Platforms like GitHub, Stack Overflow, Reddit (r/cofounders), and Indie Hackers can help you connect with developers. Engage in these communities, contribute to discussions, and showcase your project to attract potential co-founders. Joining startup-specific forums or Slack groups can also be effective.
Ian says: "Good advice I guess. I personally didn't have any groups that were in my niche."
4. Use Co-Founder Matching Platforms
There are several platforms specifically designed to connect entrepreneurs with co-founders. Websites like CoFoundersLab, AngelList, and FoundersNation allow you to search for co-founders based on skills, interests, and startup experience. These platforms are often frequented by individuals actively seeking new opportunities.
Ian says: "Like Tinder? But for startup founders? Maybe. But they could be serial killers too. Wasn't a thing back in my day, but even if it was, I'd be surprised if this was any better than item number 2/3. Same same, just different."
5. Offer Equity and Be Transparent
Attracting a talented technical co-founder requires offering something valuable in return. Equity is the most common incentive, but be clear about your expectations and the role they will play in the company. Transparency about your vision, goals, and commitment will help build trust and attract serious candidates.
Ian says: "If you are in the same position I was, I wasn't paying myself. I also couldn't afford to pay another person a full time salary. So clearly equity has to be on the table. My recommendation though: start small. No more than 5% which doesn't start vesting until ideally 12 months in. If they're any good, they'll stick around. It also makes sure they're in it for the long haul. And you can always offer more down the track."
6. Attend Coding Bootcamps and Tech Meetups
Coding bootcamps and tech meetups are filled with individuals who are passionate about technology and eager to work on real-world projects. Attend these events and network with participants who might be looking to join a startup. You may find someone with the right skills and enthusiasm to become your co-founder.
Ian says: "Ugh. So many hoodies. Same as number 2 in my opinion."
7. Look for Technical Advisors
If finding a co-founder proves difficult, consider bringing on a technical advisor. A technical advisor can provide guidance, help with early-stage development, and potentially introduce you to their network. Over time, this relationship could evolve into a co-founding partnership.
Ian says: "Yes and double yes. I actually decided to be my own technical co-founder. I taught myself to code, but employed an 'advisor' to help me do it and fill in any major gaps or do some of the 'hard' stuff. Even if you're not going to be the ultimate tech founder, getting involved in the code is a great investment of both time and money."
8. Work on a Side Project Together
Before formalizing any co-founder relationship, consider working on a side project together. This allows both parties to assess compatibility, work style, and commitment level. Building trust and understanding is crucial before jumping into a long-term partnership.
Ian says: "Highly recommend. Even if it's not on your startup idea to begin with. When hiring a person to work as part of an engineering team, you will nearly always get them to do a technical test. This is the same idea. Even if it's a marketing website, or a POC of your idea. "
9. Evaluate Cultural and Vision Alignment
Technical skills are essential, but alignment on vision, values, and company culture is equally important. Ensure that your potential co-founder shares your enthusiasm for the project and is aligned with your long-term goals. A shared vision will help navigate the inevitable challenges that arise in the startup journey.
Ian says: "I like the sentiment, but I hate the bullshit words. This comes down to purpose and core values. If they are not identical then it's never going to work. In addition, your way of working and skill set should also be complimentary. This is the hardest thing to get right, but the most critical."
10. Be Patient and Persistent
Finding the right technical co-founder can take time. Don’t rush the process or settle for someone who isn’t the right fit. It’s better to take your time and find a co-founder who complements your strengths and shares your passion for the project.
Ian says: "Amen ChatGPT. Amen."
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