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Newsletter #18: Why Cofounder Partnerships Fail — and How to Make Them Last
Sue Mysko
June 27, 2024
SCALE UP Newsletter #18
Welcome to Scale Up, the smarter way to grow with fractional executives.
In this edition:
🔑 Why Cofounder Partnerships Fail — and How to Make Them Last
🚀 Being The Last Company To Launch In A Category Can Pay Off
🤑 Grants for Women-Owned Businesses in 2024
Let’s dive right in. 👇🏼
Why Cofounder Partnerships Fail — and How to Make Them Last
Up to 43% of startup founders ultimately buy out their cofounder due to interpersonal rifts and power struggles. To understand why so many cofounder partnerships end in failure, the authors conducted research on lead founders seeking cofounders, finding that lead founders tend to prioritize skill sets and execution while potential cofounders prioritize interpersonal compatibility.
This mismatch in priorities is the root of so many cofounder splits.
To overcome this, the authors offer three recommendations for lead founders and cofounders alike.
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Why Being The Last Company To Launch In A Category Can Pay Off
This startup leader launched his brand after his peers.
Being late to the game seems to have paid off as it turned out to be a blessing in all areas except one.
It has raised over $40 million in venture capital and expanded its product lines with more on the way.
I've Grown a High-Performing Team in Just 2 Years — Here Are 5 Growth Strategies I Learned
Emphasizing adaptability will allow your team to learn from both successes and failures.
Ensuring every team member feels valued and heard, while also maintaining their well-being, drives morale, engagement, and productivity, ultimately contributing to the company's success.
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8 Grants Women-Owned Businesses Can Apply For in 2024
Want to launch or grow your venture?
Are you a female business owner looking for funding?
Explore exciting grant programs to make the process easier.
