Why?
The #1 cause of death in startups is 🥁🥁
Co-founder issues!
Who you pick as co-founder is perhaps THE most important decision you’ll make.
I have a TON of advice on the topic, so let’s dive in 👇
What to look for in a cofounder:
Why?
The #1 cause of death in startups is 🥁🥁
Co-founder issues!
Who you pick as co-founder is perhaps THE most important decision you’ll make.
I have a TON of advice on the topic, so let’s dive in 👇
Your cofounder must fit in the overlap of TWO venn diagrams:
1/ Personality fit
2/ Ability to execute
A pitfall founders make: choosing ONLY ONE.
> Choose personality fit w/out ability to execute, and there will be an inevitable reckoning when one cofounder feels they are contributing disproportionately.
> Choose ability to execute w/out personality fit, and the relationship strain grows until it becomes paralyzing.
ie. they must have both!
Having both results in a DEEP MUTUAL RESPECT amongst each other.
And of course, there are some nuances to both of these venn diagrams.
Let’s double click on each one:
At Bolt, we don’t use culture-fit, we use culture-ADD ☀️
Why?
Because people who “fit in” don’t add anything new; we want people who are additive.
The same principle applies here: you want someone who makes you GROW. 🔑
This is yet another pitfall.
Work with someone who lights your fire, not dampens it!
They should make your energy RISE 🔥🔥🔥
And push you to be ALWAYS BETTER.
You should share the same values.
> What’s the end goal? ie acquisition or going all the way
> How do you make decisions? ie how much logic vs intuition
TODO📝: write your top 5 values, then share them with each other and discuss.
The key point here is that skill sets should be distinct.
One cofounder may love engineering 🧑💻
Another may love selling 🗣️
Both are critical, and lead to clear lanes without crossing wires.
If a cofounder cannot recruit, it means they cannot multiply or scale.
They’re going to own a massive chunk of the cap table.
> Ability to scale is a requirement.
> Inability is a non-starter.
Similar to point A, someone’s ability to lead dictates their scalability 📈
If they can lead, they’ll be able to split management responsibilities as the team grows.
If they can’t, the other cofounder will have to manage everyone.
Your north star is EVERYTHING.
It’s where you’re rowing 🚣
Make sure you’re rowing towards the same thing.
Getting this nailed down is imperative. 🚀
Starting a company isn’t all sunshine and rainbows.
Resolving conflicts will be par for the course 🤝
If you haven’t gone through conflict with the person, you’re not ready to take the plunge.
Energy in a company trickles down from the top.
If you are ALL IN, your cofounder better be too!
There’s nothing worse than starting something with someone,
And feeling like the other person is not fully engaged.
Don’t sweat it!
It’s a common trap to think you need a cofounder right out of the gate.
The reality: there are many other routes 🛣️
One is to be a solo founder… and there’s NOTHING wrong with this.
If you find someone highly capable, but not quite the unicorn you’re ready to marry, this is the right path 💙
Founding Engineer, Founding Head of Operations, etc.
2-5% instead of 10-50%.
But, I’ve got one last piece of advice.
TAKE YOUR TIME AND GET THIS RIGHT.
A mistake here could cost you dearly 😳
It might even cost you your company.
More from Ryan Breslow 🕺
Over the last 7 years I’ve built 2 multi-billion dollar companies.
It’s been grueling. We don’t share these lessons enough.
So I decided to do that over the last month.
The feedback has been awesome - 25k new followers in 1 month.
Here’s a roundup of all of the threads 👇
Why Bolt is the first tech unicorn to shift to a 4 day work
I’ve built both a $4B company and a $1B company over the last 7 years.
Here are the 12 mindset rules that got me
We 10X’d our company in the last 10 months.
Here are the 10 tactics to making every day
We’ve closed more deals in the last 90 days than in all of Bolt history.
Here are 10 tips on how to negotiate your best
It’s been grueling. We don’t share these lessons enough.
So I decided to do that over the last month.
The feedback has been awesome - 25k new followers in 1 month.
Here’s a roundup of all of the threads 👇
Why Bolt is the first tech unicorn to shift to a 4 day work
The biggest lesson I\u2019ve learned in building a $4B company:
— Ryan Breslow \U0001f57a (@ryantakesoff) September 23, 2021
It\u2019s all about the people.
I\u2019m thrilled to announce today that Bolt is the first tech unicorn to officially shift to a 4 day work week.
Here\u2019s why we did it and how we came to the decision \U0001f447\U0001f447\U0001f447
I’ve built both a $4B company and a $1B company over the last 7 years.
Here are the 12 mindset rules that got me
Over the last 5 years, I built a $4B company.
— Ryan Breslow \U0001f57a (@ryantakesoff) September 20, 2021
Sounds awesome right?
Not until recently.
I made every mistake imaginable.
The toughest part was getting my head right.
Here are the 12 mindset rules that I\u2019ve developed.
We 10X’d our company in the last 10 months.
Here are the 10 tactics to making every day
At Bolt we grew from $400M to $4B in the last 10 months.
— Ryan Breslow \U0001f57a (@ryantakesoff) September 28, 2021
That's a 10x in 10 months.
This wasn\u2019t an accident, but it also wasn\u2019t a given.
The shift? We started making EVERY day count.
What exactly does that mean?
Let's break it down \U0001f447\U0001f447\U0001f447
We’ve closed more deals in the last 90 days than in all of Bolt history.
Here are 10 tips on how to negotiate your best
In the last 90 days, we\u2019ve closed more deals than ever before in Bolt\u2019s history.
— Ryan Breslow \U0001f57a (@ryantakesoff) September 25, 2021
These deals alone have added billions to our valuation
This wasn't an accident.
We completely changed how we negotiate deals.
Here are 10 tactics we use today to negotiate Bolt\u2019s best deals:
More from All
Master Thread of all my threads!
Hello!! 👋
• I have curated some of the best tweets from the best traders we know of.
• Making one master thread and will keep posting all my threads under this.
• Go through this for super learning/value totally free of cost! 😃
1. 7 FREE OPTION TRADING COURSES FOR
2. THE ABSOLUTE BEST 15 SCANNERS EXPERTS ARE USING
Got these scanners from the following accounts:
1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX
3. 12 TRADING SETUPS which experts are using.
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4.
4. Curated tweets on HOW TO SELL STRADDLES.
Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on
Hello!! 👋
• I have curated some of the best tweets from the best traders we know of.
• Making one master thread and will keep posting all my threads under this.
• Go through this for super learning/value totally free of cost! 😃
1. 7 FREE OPTION TRADING COURSES FOR
A THREAD:
— Aditya Todmal (@AdityaTodmal) November 28, 2020
7 FREE OPTION TRADING COURSES FOR BEGINNERS.
Been getting lot of dm's from people telling me they want to learn option trading and need some recommendations.
Here I'm listing the resources every beginner should go through to shorten their learning curve.
(1/10)
2. THE ABSOLUTE BEST 15 SCANNERS EXPERTS ARE USING
Got these scanners from the following accounts:
1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX
The absolute best 15 scanners which experts are using.
— Aditya Todmal (@AdityaTodmal) January 29, 2021
Got these scanners from the following accounts:
1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX
Share for the benefit of everyone.
3. 12 TRADING SETUPS which experts are using.
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4.
12 TRADING SETUPS which experts are using.
— Aditya Todmal (@AdityaTodmal) February 7, 2021
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili
Share for the benefit of everyone.
4. Curated tweets on HOW TO SELL STRADDLES.
Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on
Curated tweets on How to Sell Straddles
— Aditya Todmal (@AdityaTodmal) February 21, 2021
Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on Straddles
Share if you find this knowledgeable for the benefit of others.
