Obviously, I might have been choosing the wrong people, but they seemed fairly accomplished.
I think people don't realize how much building software is boring drudgery (figuring out where to put a button). Maybe they expect it to be immediate wheeling and dealing.
Non-technical cofounders need to start out as project managers, and most people don't seem willing to do it.
But if I was doing it all over again I'd make sure to have a signed one page agreement on some points like this:
- Both agree to work a minimum of xx hours per week on the project
- Both agree on a reasonable hourly rate for each others time and then track your hours while working
- If theres no venture capital then the hourly rate you both 'earn' is in credits towards future profits or equity
- If one person isn't meeting their expected contribution requirements over a reasonable period they forfeit their stake in the business
Then if you grow whatever project big enough, you can then just hire someone. And you'd actually know how to manage them with insight into their job.
A single person could easily get out completed? Even if s/he is able to learn "everything" eventually
Otherwise, I agree with you
Sure you could get outcompeted but honestly, if one person gets outcompeted, in almost all circumstances so will 2 people.
So, I just need a tech founder that's willing to partner with me and do the marketing side of it.
In return, I'll do the same for them.
Flip a coin to see who goes first.
What happened after you noticed that they didn't?
(You noticed before they had gotten any equity, and stopped working with them?)