FinTech Co-founders: When Friendship Becomes A Problem

Published by Yana on

Starting a business with friends sounds like a good idea in theory, but in reality, it’s often a different (much more challenging) story. Tune in today to hear about the common issues people face when they choose to go into business with their friends.

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Today’s episode:

  • [00:39] An overview of today’s topic: the co-founders’ dilemma. 
  • [00:53] Why joining forces with friends to start a company isn’t always a good idea.
  • [03:10] An example of when combining friendship and business has worked well. 
  • [04:14] How situations often play out when one co-founder isn’t fully competent. 
  • [06:27] How friends who are co-founders affect workplace dynamics. 
  • [08:06] The problem of not signing a shareholder agreement (a common mistake made by friends who become co-founders). 
  • [09:50] The key takeaway from this episode!
  • [10:31] Advice for people who work with co-founders who are also friends. 
  • [11:18] An overview of the FinTech Compliance Collective program. 

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