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you're not alone. it takes a certain type of person to start a business, let alone run one. Most get wrapped up in some romantic fantasy about what they see on TV about owning a business. Contrary to the dream, it is work. Partners are very over rated, but YC seems to like them. I've had several, all worthless. it's tough, you got to find someone with the same passion, or there will be significant differences down the road, especially with work load and responsibility. watch out for going into business with family members - i've never seen that work out well either. also, verbal agreements are just as enforceable as written ones, which is why you always get a written agreement. Contracts are a tool to prevent/protect future problems/litigation. Again, this is experience talking. I made over $1M in my first business, and then spent $250K defending it from a partner with a cocaine habit. I won, but it was tough and extremely expensive. You make money with this, he will comeback to haunt you. If you do NEED a partner/founder, be very cautious. It can be good, but more often than not i've seen partnerships wreck friendships, marriages and families... |