How to find a co founder for your crypto project
Do you have an idea for a crypto business? Or perhaps a project with a completed whitepaper, website, and already in development? Are you thinking about the next steps for your project and think that you might benefit from a co-founder? This article will help you to find a co founder for your crypto project that is a good fit.
A successful co-founder with complementary skills can provide a crucial foundation for the business and enable the initial founder (entrepreneur) to focus on what they do best. Focus on their product or service and fill expertise gaps with those with the right experience. credentials, and connections.
It is often said that 2 heads are better than one in a new startup. Having 2 partners who share the same values, dedication to the venture, and willingness to accept risk helps create investor confidence. Furthermore, with 2 parties involved in decision-making processes, ideas can be brainstormed together and any potential challenges can be more promptly identified and resolved through discussion and challenging one another. Finding a compatible partner who fully understands and shares the same purpose and level of commitment as you is not always an easy task to accomplish, but it is an important step for improving your projects success.
Making the decision to onboard a co founder is a big decision to make. The project will become a more shared endeavour opposed to simply your creation that you have full control and say over. Once you take the initiative and actively search for a potential partner and evaluate if the match is compatible. The project will become a team project, so be sure to choose carefully and weigh a number of candidates before signing the dotted line.
Here are 10 things you can do to help find a co founder for your crypto project
1. Be clear on what roles and responsibilities you’re looking for in a partner. Create a job description and outline the roles and purpose for the co-founder – what areas do you need help with the most. It can also be good to share what roles you plan to fill and share this so all team members are aware of each others roles.
2. Reach out to your network of family, friends, former colleagues, coaches, and mentors to see if they know someone who would be a good fit.
3. Connect with entrepreneurs online: attend startup events, join meetup groups and participate in conversations about entrepreneurship on social media platforms. LinkedIn can be very useful in finding new team members for a new crypto start up.
4. Read industry-specific blogs, research company profiles and connect with founders who have experience in the space or solve the same problems as you do. Look into projects that are similar to yours, perhaps another founder is looking for help as well. Both projects coming together may jump start your project and improve upon both founders designs.
5. Take advantage of professional networks geared towards finding cofounders, such as F6S or Wellfound to discover and discuss possible collaboration with your project.
6. Post an advertisement to high-traffic job boards like Indeed or Upwork and specify that you are seeking a cofounder for your startup business venture. Upwork is a great platform to gauge credibility from as you can see the score from the candidates that reach out to you and look into past roles and gigs they completed on the platform.
7. Present your idea at startup competitions to gauge interest from potential partners with complimentary skillsets. Pioneer is a good example here. Submitting to startup competitions allows you to collect early feedback from founders who have real world business experience. Startup competitions also help to create a routine of weekly updates and goals in which you receive notifications to complete and are encouraged to do so in order to receive further feedback and points.
8. Utilize referral services and incubators like the Founder Institute Referral Network which screen individuals before they are referred to you as potential cofounders. Referral services and incubators are great for helping you reach the milestones needed for investment and growth.
9. Find a KOL that is known for creating content related to your specific niche. Reach out to them and ask if they are interested in collaborating. KOLs and crypto influencers can help by bringing an existing network and can help with financing the project which may aline with their personal hobby and passion.
10. Consider hosting an “Open Office Hours” or “AMA” event where entrepreneurs can discuss strategies directly with you in hopes of finding someone compatible enough to become a new team member. This could be done using telegram or perhaps twitter spaces.
11. Use Wellfound (previously known as AngelList Talent)! This is a great job posting recruitment website that gives the option to choose ‘co-founder’ as an option for what you are looking for.
Why a co founder is important for a crypto projects success
A co-founder is important because they can bring a variety of skills, experiences, ideas and contacts to the table that may be beneficial or even essential to the success of the business. The other benefit of having a co-founder is that it shares the burden of starting a business with you. This could involve splitting tasks such as developing products, managing finances and marketing. Furthermore, having a co-founder provides an element of accountability as well as support when challenges arise. A co founder should strengthen your team and make it more credible in the eyes of investors and early adopters.
