IIT Bombay Alum Shares Tips On Picking The Perfect Co-founder
NDTV
Mr Goel further emphasized that mismatched financial goals can hinder crucial decision-making, particularly when it comes to client selection.
Effective collaboration is a cornerstone of successful ventures. Alignment among founders and co-founders on critical aspects like financial strategies, annual objectives, and core team values is essential for long-term success. In a recent post on X, Aman Goel, CEO of GreyLabs AI and an alumnus of the Indian Institute of Technology (IIT) Bombay, highlighted the importance of selecting a co-founder who shares a similar vision for success. When looking for a co-founder, look for someone whose definition of success is similar to yours. For instance, if you come from a small, middle-class family, an outcome of Rs. 5 crores might be huge for you. However, if your cofounder comes from a wealthy business family, for…
In a viral post, Mr Goel explained this statement, "For instance, if you come from a small, middle-class family, an outcome of Rs 5 crore might be huge for you. However, if your cofounder comes from a wealthy business family, for them, it might be peanuts. This might lead to a large difference in vision/outcome."
Mr Goel further emphasized that mismatched financial goals can hinder crucial decision-making, particularly when it comes to client selection. Imagine two co-founders with vastly different financial ambitions. One might see a client offering Rs 25 lakh as a significant win, aligning with their goal of earning Rs 1 crore annually. However, the other co-founder, aiming for a turnover of Rs 25 crore, might view the same deal as insignificant, representing just 1% of their target. This disparity in financial priorities can lead to conflicting decisions and hinder the company's growth trajectory.