Ask HN: I got $100K, But I Want Co-Founders, Not Employees. What do I do?

https://news.ycombinator.com/item?id=2257377
by igotmoney • 15 years ago
8 8 15 years ago

i just closed a $100K round at a very nice valuation from individual angels within my network along with some from friends and family. The thing is, it's pre-product (the investors know that) and I have a very technical team but none of them who I would consider to be my co-founders just because of their inability (due to school and work) to dedicate their time into the company as much as I do - thus, I have a huge majority of the company shares.

I'll be the first to admit that there are many more talented developers than me and because of that, I want to put my efforts into what I'm good at which is on the business side. However, I really seek a technical co-founder who believes in the product more than wanting to take a paycheck. With the money that we have, I thought it'd be easy to recruit talented developers who would rather take more equity/less cash than ones who want more cash than equity. However, it is not easier - it's definitely harder.

I know I took my startup in a weird process. It's usually find a team, make a product, put it to market, raise money - but for me it was half-ass find a team (although very talented), raise money, make a product, put it to market. Now it's biting me in the ass.

So HN, what should I do to find a talented technical co-founder who will take the CTO position and lead the rest of my teammates? What else do you suggest that I do?

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