The Art of Finding a Co-Founder | Ask A VC with Paul Lee

Lightbank's Paul Lee gives advice for entrepreneurs outside of Silicon Valley who are looking to partner with someone on an idea. He also talks about how founders should structure salaries for themselves and employees at the early stage.

[JosephProsnitz]

How do you reference an article and not link it in the description

[ronque]

Thanks for this video! I’m wondering do you make potential cofounders sign NDAs? It seems like the cons outweigh the pros in terms of practicality. Thx

[wynton]

Someone help me understand.... it seems obvious, but wouldn’t the CEO also earn money from the equity he or she owns every quarter along with the salary?

[DannyDee]

Cheers Paul, I agree - the salary should def be sub 60k.

[joshuas.]

it took 1:30 for her to INTERVIEW another person

[ozzyfromspace]

founders shouldn't have salaries above $150k at the series A level? lol I was expecting $40k max. Lol I'm clearly in a different world rn. To be fair, I'm a 24 yr old guy with no kids and minimal responsibility, maybe other people need the money, we're all different.

[theshark]

At 2:15 he says the idea plays a very small part of it and it’s the execution that’s key. Ok, I have an idea of putting hair on an ant. Excite that. Idiot. The idea is pretty damn important. If execution is far more important, than give me some good dude who just got out of a 6 year prison sentence. That’s someone who knows how to execute.