No salary, no guarantee for success and a lot of failures. We are building a community of co-founders! People who are not afraid to fail and succeed even bigger and fully understand that it requires a special type of character to turn dreams into reality!
Once you have access to our online community of co-founders, you can post your great idea to the online community of co-founders and ask for the capabilities you are looking for such as, software developer, UX designer, Online marketeer, Sales/Business, etc. You have a maximum of 30 days to find and assemble your team.
Once you have access to our online community you can see the ideas posted and you can apply to be part of the co-founding team.
The core founder (the person who submits the initial idea) selects and assembles the co-founding team. First critical phase in vorming the founding team is what we call “dating”. Which means that the potential co-founders try to find common ground and formulate the northern star for the team.
Once the co-founding team is formed and a northern star is formulated, the team signs the co-founder agreement, which describes the way of working, equity split and other foundational topics.
After the co-founder agreement has been signed and sealed, the co-founding team jumps into an intense "100 day execution", where the aim is to create all the "milestones".
At the end of the 100 days execution the co-founding team needs to “get real”. This means the team needs to have a very open and direct eye2eye moment, where they will need to decide if they want to pursue with the venture based on the facts and performance sofar. The majority of the ventures will not survive this step and that is good as we want to fail fast and fail forward!
The few ventures which which made it to the next phase, now need to grind and grow. This takes time and effort. The good news is that the venture has an actual product/service which has obtained good feedback from paying customers. The art now is to continue with experiments to speedup learning and grow the customer base.
Also with the equity split it is team and people first for us. As said everything starts and ends with the team. Therefore we are applying the following guidelines when it comes to equity split.