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Advice on getting a competitor as a potential co-founder

aadebola Sunday, February 09, 2025

I'm a solo founder of an e-commerce platform with some traction. I'm open to finding a co-founder and was recently introduced to another solo founder who is effectively a competitor, but with some more traction than me. We're considering joining forces as co-founders, but I have a few concerns:

1. Fast Compatibility Check: We don't have the time or bandwidth for lengthy trial collaborations. How can we quickly assess if we're a good fit as co-founders?

2. Sharing Competitive Secrets: To make this work, we'd have to disclose sensitive information about our business strategies. How do we protect ourselves if it doesn't work out?

3. Potential Fallout: What steps should we take to ensure a clean and fair exit plan if the partnership doesn't succeed?

Any advice on structuring this process and making a well-informed decision would be greatly appreciated!

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