Why Do So Many Partnerships End in Disaster
This is part of my ongoing Series on Entrepreneurial Culture.
In my last post on OPEN Forum, I made the case that entrepreneurs should stop actively looking for a co-founder. Now I’m here to tell you that if you think you have in fact found the right partner, you should be extremely careful and not rush into any arrangements.
Although it’s shocking, the fact is, a huge percentage of the companies I come across in my various roles as an entrepreneurship professor, mentor, and investor are doomed to fail essentially before they ever get started, due to founder incompatibility.
The reasons for these breakups that are given in retrospect by the founders are some variation of the following.....
Continue reading here for the original post on Amex OPEN Forum.
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