This content was created by GHION.AI . This content was uploaded by GHION.AI . This is a YouTube video titled "Founder vs. Founding Team Member" created on February 21, 2018, discussing the roles and differences between being a founder and a founding team member, highlighting the skills needed, benefits, and drawbacks of each role.
Chapters
Okay, so founding team, this is different than being a founder. I'm going to end with the founder slide. But the founding team is that you need complementary skills. You may not necessarily have the idea, but maybe you're really good at technology, at coding, so you can be the cto, maybe you're really good at marketing, so you could be the CMO or the marketing person, but in this founding team it's like less than five. So you're one of the first few people hired or maybe your co founders together. But. But the most important thing is that you have a lane and something that you're good at as well as being generalist because you got to do more things, but you have one thing that you're good at and people can look at you and say, ok, Yuri does this. That makes sense. The opportunity though, is difficult because I would say the key benefit is learning how to be a founder without necessarily having to be the founder. So if you have aspirations, this is what I did at the first startup. I was learning all of these nuances of starting a company, but it wasn't really my official first company of my own. So the failure quote unquote is not necessarily mine. But at the same time you learn a lot. So that's a lot of the benefit. But I think that's exactly what the drawback is. It's not your thing. So it's hard to be up all night long killing yourself trying to do this many times. I'll be really honest, the equity split is not even. So the founder will have 50 plus percent and the founding team will have 10 or less. So that's a big difference and somebody very wise sitting right there. Rosa told me that the risk of founding a company and being on the founding team are very similar. And so if you're going to do it, you might as well start your own thing because at least you're going to learn. Trial by fire really kind of put your thoughts to the test. But I do think that for many people this is more comforting to have all the fun of starting a company and have the collaboration of starting a company, but not necessarily have to do it all by yourself.
