Find XO: The Pros and Cons of Family Startups: Co-founder Dynamics (techcrunch.com)
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- Noam Wasserman analyzed in his research that 65% of startup failures stem from conflicts among co-founders.
- Starting a company with family has the advantage of knowing each other for a long time, but it does not mean they have agreed on whose word to follow in the company.
- It suggests that when dividing equity, roles, final decision-making authority, and conditions for someone leaving the company should also be written down together.