How to find a technical co-founder

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I frequently get emails that say something like:

I have an idea for a product that I want to build, and I need to hire a web developer or find a technical co-founder. Where should I start?

I’m going to try to give helpful guidance that I give to people who approach me with this.  First, I want to give personal context.  I am a mechanical engineer and a partner in a software development company, but not a programmer.  I am much more of a hustler than a hacker.  So, I do understand when people need to find and depend on someone else to build out their vision.

Step 1 – Check Your Ego

Step 2 – Get Perspective

  • You are asking for help. Whether you are looking for a co-founder or a consulting firm to build your product, you can’t do it without them.  And you need them more than they need you.  Any engineer you want already has a job, so you’ll need to be persuasive.
  • What value do you bring? The technical co-founder perspective may be – “what do I need you for?” Know what value you bring and communicate it.  Be the hustler to their hacker.

Step 3 – Get Out There

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Doing too much? Do what’s important

My friend Kenny Nguyen asked me for some tips on where to focus his time, because he, like many of us, feels like he’s doing too much. Since I’m trying to do the same thing, I thought about what I am doing to focus. Here goes:

Decide what is urgent, what is important. Separate the way you think about things and prioritize truly important things.

Accomplish one thing a day proactively, not just reactively. Answering emails does not count as forward motion.

Focus on what helps you accomplish your goals – building a company – or whatever it is – and spend the large majority of your time on only that. If you’re doing more than 20% peripheral stuff (ie community service work) then you should probably cut back.

What TribeCon means to me

  • October 20th, 2011 /
  •  Chris Schultz /
  • 2 Comments

TribeCon is about the community I love, the tech community in New Orleans. Two things have inspired TribeCon for me more than anything else: First, the emergence of the grass-roots New Orleans tech community that picked itself up by its bootstraps on the heels of Katrina and realized that we had the both the opportunity and responsibility to shape this City’s future. This inspiration led to Net2NO, Launch Pad, the SXSW pilgrimage, GNO Code, and so many other groups. Second, after the death of my father, I examined everything I was doing, and decided it was time to follow the old entrepreneurs’ adage – do work you are passionate about.

Driven by these two things, in the back of the bus on the way back from SXSW in 2009 Adele, Tiffany and I had the spark of the idea to do a conference with the Voodoo Experience. We had no idea what we were getting into, but we pitched it to the community and pitched it to Voodoo and six months later were producing our first conference. It’s been such a great run to work with the amazing people involved in this event. Peter, Matt, Megan, Katy, Tiffany, Adele, Molly, Andrew, Melissa and many more people have given their time and energy to make this such a special event. Thank you guys, you are my Tribe!

I felt compeled to share my personal feelings here, if you have other questions, check out the interview on Silicon Bayou News.

Ignition in Kazan

kazan

Peter and I had the privilege of visiting a new startup incubator in Kazan while we were visiting our office in Russia this week.  They invited us to do a presentation and we did a talk called “How to compete with Silicon Valley from Russia” with a focus on early stage startups and perspective from the incubator/accelerator ecosystem in the US.  We started by answering the red herring title of the talk… don’t try to be Silicon Valley, build a great startup culture in Kazan.  And we drew a lot of parallels to what we’ve been focused on building in New Orleans.  Here’s my favorite “quote” from the talk:

«Мы любим стартапы! У вас, в России, есть прекрасные инженеры, прекрасные программисты, и мы рады тренировать начинающих бизнесменов, рады им помогать», – считает  Крис Шульц.

” We love startups! Do you, in Russia, there are excellent engineers, excellent programmers, and we are happy to train novice businessmen are happy to help them “- says Chris Schultz.

It has been fascinating to watch the startup ecosystem emerge in Kazan.  The IT Park is a beautiful facility that has opened with a lot of government support.  Of course, the energy is in the grass roots, and the collaboration thats emerging on the ground between Flatstack and the many spinoffs created by former employees is really exciting.

Slides and video of our talk below. We borrowed a lot of ideas from Dave McClure, Paul Graham, and Brad Feld, so thanks to them.

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What the Louisiana Angel Tax Credit means for you

Last Friday HB 597, the Angel Investor Credit Program was signed into law by Gov. Jindal.   I fully expect this incentive to have a major impact on the flow of early-stage risk capital in Louisiana, but its important that you understand it and get an early jump in it to be best positioned to benefit. Now its time to figure out what this means for you.

Here are the bullet points:

  • A credit of 35% of the money invested by an accredited angel investor in a certified Louisiana business, credit delayed by 24 months
  • Credits capped at $1 million per year and $2 million total per business.
  • The total angel investor rebates are capped at $5 million.
  • Credit is transferable.
  • Program effective from Jan. 1, 2011, through July 1, 2015.

Beyond this, I have been getting some questions for clarification so I reached out to Erich Rapp at Kean Miller.  My questions and his responses are below.

1) The company has to be a Louisiana based company – can the investor be anywhere since it’s transferable?

It would appear that the investor could be from anywhere. I see no prohibition on out of state residents investing in Louisiana companies and I would not think that the La DED would object to having someone from another state invest in a Louisiana business.

2) Can the investor credit pass through to angel groups?

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