Finding Your Co-Founders

This is the second in a series of posts by by Meebo CEO Seth Sternberg giving advice to entrepreneurs on building their young businesses. The first post, From Nothing To Something. How To Get There, is here. And make sure to read our recent posts with advice from Mint CEO Aaron Patzer on his advice to entrepreneurs as well (here and here).

The number one question you all asked after reading my last blog post about starting a business from scratch was "how do I find my co-founders?"

Great question ¿ let's start with a bit of self reflection:

Close your eyes and visualize your group of closest friends.

Now, think specifically about how tall (or short) they all are.

Great, now ask yourself "are all of them roughly the same height?" I'll bet most of them are ¿ you included.

And therein lies the problem in finding co-founders for that startup you're dying to launch. It's most comfortable to hang out with people like ourselves, but those are exactly the folks you probably don't want to co-found a startup with. Seems a bit unintuitive, right? I?ll explain.

The best founding team for a startup is a group of two or three people who have synergistic ¿ not overlapping ¿ skills. Note that it's also important your goals and passions be similar. If one of you wants to sell fast and the other wants to build a billion dollar business, that'll make for pretty serious friction down the road. So too would a team where one person's more interested in enterprise startups while the other person's passion lies in consumer experiences. With that out of the way, however, it's critical that you look for people with complementary skills to your own. In consumer internet, that usually means one front-end user-facing developer, one back-end server-side developer, and ultimately a business person (details will come in a later post).

The reality though, is that we tend to hang out with people who are just like us. Remember that story I told about the three business school students telling me about their tech startup, leaving me to wonder who'd actually build the product? I see that all too frequently ¿ from business folks and techies alike. It's just easier to hang out with people in your same classes at school, or your same group at work.

If you happen to be in school now, you're in the most fertile place possible to meet your co-founders. Take advantage of it! How'd I meet Elaine and Sandy? Mutual friends from school. How about some other teams? Larry and Sergey from Google met at Stanford. So did Jerry and David from Yahoo!. The Plaxo founders also met in school, which is also where Mark from Facebook met his co-founders. Having trouble meeting folks you think would be good co-founders? Here are a couple ideas:

1. Join student groups relevant to your interests. If you're a business major ¿ go check out the Engineering Society's monthly meeting. If you're in the CS department, I'll bet the business school students would kill to meet you at the next Entrepreneurship Club meeting.

2. If your school doesn't already have a student group designed to foster collaboration between groups of students with the skills necessary to get a startup rolling, start one! BASES at Stanford is a great model to follow. It brings together students from both the undergraduate and graduate levels, across disciplines such as design, computer science and business.