Our mission at CoFoundersLab is to help entrepreneurs build the perfect core team to launch a business. Most of our members often communicate with several potential co-founders during their search, so how do they know who is the right one? Even more importantly, how can you be sure that you have found the perfect co-founder without having worked together?
The commitment to start a business is a big one, and it is important to be absolutely sure that you have the right team. One of the best methods for gaining this confidence is through spending time with your potential co-founder, both working and casually outside of work, before actually joining up as co-founders. That way, you can ensure that you have a good relationship and will make good business partners. A strong relationship with your co-founder is essential in growing your startup!
We had the chance to talk with Anson Liang and Daniel Lieser of TrustLeaf, an online platform that helps small business owners raise money from friends and family using personal loans. Anson and Daniel offered some words of wisdom for co-founders thinking of joining forces: "date before you marry" your co-founder. Be wary of jumping in with a co-founder in starting a business; first make sure you get to know him/her on a professional and (more importantly) a personal level.
Anson and Daniel practice what they preach: they worked together daily for a few weeks before making the ultimate decision to join forces. It has paid off so far, as TrustLeaf has been featured on several blogs, including an article in the Silicon Valley Business Journal, and they raised $20,000 on their own site from friends and family! They were also one of six finalists in the Founder Institute's Founder Showcase.
This video is part of our success story spotlight series highlighting companies whose co-founders met online at CoFoundersLab.com and/or in-person at CoFoundersLab sponsored events.
TrustLeaf helps small business owners raise money from friends and family through personal loans. Our online platform allows the borrower to create an intuitive campaign page and decide the terms of their desired loans. Friends and family of the borrower then receive invitations to the campaign to give whatever they feel comfortable with. Electronic contracts ensure safe payment, and the loans are legally protected. TrustLeaf is based in Sunnyvale, CA, and has been continually growing since March of 2014. Learn more about our story at trustleaf.com, and follow us on Facebook and Twitter.
Looking for a co-founder? Find your co-founder at CoFoundersLab.com.
If you found your co-founder online at CoFoundersLab.com or at a CoFoundersLab Matchup event (or know someone who did), please let us know!