Name : Nguyen Le Khanh Huyen

Class: SE17B01

SUMMARY WEEK 2

Starting a business is an extremely stressful and challenging journey. The author says there are three
main reasons why you really want a co-founder when starting a company. The first is productivity, we
can do better work and come up with more creative ideas if we have a co-founder. The second reason
is moral support. The best relationship between co-founders is one where they have a dynamic where
both co-founders balance each other out. The final reason I would say to have a co-founder is to be
mold fit for success. You know, when you think of Apple, you think of Steve Jobs, when you think of
Microsoft, Bill Gates, and when you think of Facebook, Mark Zuckerberg, right? So, you see, it's
quite normal for a person to really lead a company and become the leader for a long time, but why do
we remember those people? And they are one of the reasons why the brand is more popular and
famous at the present time

Successful co-founder relationships often stem from shared vision and values. Founders need to agree
on company culture, long-term commitment, and the type of business they want to build. Be clear
about roles and responsibilities and discuss your expectations, potential challenges, and conflict
resolution strategies. To limit conflicts and cooperate well, before fully committing, time should be
tested to assess potential, compatibility and possibly highlight strengths and weaknesses in the
partnership. ​. And the final fundamental element is building trust and mutual respect. Appreciate each
other's contributions and be transparent about strengths and weaknesses to ensure fair agreements,
such as fair share splits, reflect a commitment to the health and sustainability of the partnership.

Besides this article, Y Combinator also shows us how to convince someone to join your startup.
Emphasize expressing the company's vision and mission, evaluating potential partners, and being
transparent about the company's challenges and opportunities. Additionally, offering competitive
compensation and fairness can help convince top talent to join. And it's important for founders to turn
on opportunities for personal growth, build trust through honesty, and create strong personal
connections.