Co Founders Lab enabled me to meet prospective business partners outside of my existing networks, including my co-founder Yonis Benitez..pass_color_to_child_links a.u-inline.u-margin-left--xs.u-margin-right--sm.u-padding-left--xs.u-padding-right--xs.u-absolute.u-absolute--center.u-width--100.u-flex-align-self--center.u-flex-justify--between.u-serif-font-main--regular.js-wf-loaded .u-serif-font-main--regular.amp-page .u-serif-font-main--regular.u-border-radius--ellipse.u-hover-bg--black-transparent.web_page .u-hover-bg--black-transparent:hover. While I may have been too green, or not the technological genius I believed myself to be in 2010, I have watched other startups repeat this pattern in the intervening years.It’s a problem that has its roots in the way startups are often formed: an idea-centric CEO seeks and finds a developer to execute that vision.They appeal to those who want a long term relationship and they screen results to show those with the highest chance of being a good match for you. From this pool, we then screen and select the very best 100 in London and Singapore.We screen them for commitment, skill (predominantly technical), intelligence and insightfulness.A year later, as the company found its business model, I left the company.
The vast majority of today’s software startups are applying existing technology, refactored and combined, to an “unsolved” business problem, rather than developing unique technology to solve a technology problem.Online dating has become the default way to find a romantic relationship.It’s moved from being an abnormal curiosity, to a mainstream and efficient way to find a relationship or hook up.Alex Crompton, who runs our Singapore office, talks here about the cost of starting a company with a stranger.At EF, the same principles that have made online dating the norm, apply to finding your cofounder. Kat Manalac from Y Combinator spoke at Slush about how the majority of their successful companies were from cofounders who met during their education (school or university). If you look at the chart on where people met their spouse in the 1980s it was through friends, or in a bar, when there were no other options.
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Successful organic teams are a legacy because there hasn’t been an alternative and effective way to meet a cofounder.