Startups For the Rest of Us Episode 515 | Finding a Co-Founder, Getting Better at Sales, and More Listener Questions
Sep 22, 2020
In this conversation, Anthony Eden from DNSimple shares his expertise on managing international contractors and the legal complexities involved. He discusses strategies for solo founders to improve their sales skills and emphasizes the importance of feedback for refining prototypes. The duo also explores how to find technical co-founders and weigh options between hiring developers versus partnering up. With practical tips and insights, they offer valuable advice for anyone looking to navigate the startup landscape successfully.
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Use IP Agreements With Contractors
- Always have intellectual property (IP) agreements with every contractor or employee to protect your startup's work.
- Lack of IP assignment can lead to costly disputes, especially during fundraising or acquisition due diligence.
Hire International Contractors Correctly
- Hire international workers as contractors, not employees, to reduce tax complexity and risk.
- Ensure contracts specify payment terms and clarify tax responsibilities to avoid liabilities.
Stair Step When Building SaaS
- Stair stepping to build your SaaS is usually feasible; consider info products or productized consulting as low-risk starts.
- Validate market interest and reduce risk by building stepwise before full SaaS development.