Codie SanchezFounder @ Contrarian Thinking

Most People Get This Wrong In Business #shorts

20 Jul 2023 · 1 min

Watch on YouTube

0:37

Codie Sanchez delivers a short YouTube monologue advising entrepreneurs to set clear terms and agreements when entering business partnerships—compare to prenups—because partnerships are powerful but prone to failure; venture capitalists favor co-founders but codie argues pre-defining exit/divorce parameters is critical.

Chapters

Comes to businesses. I see so many humans partner with whoever's in front of them, not set the terms, not start with the end in mind, not write a prenup to their business. What people don't realize if you go to venture capitalists and you ask them what are some of their top three things, why they would invest in a business or another, one of the very first things is they want co founders. That doesn't seem like a great idea to me. Most people get divorced because they make them set parameters for the divorce that could potentially happen. And they know that entrepreneurship is so hard, it's likely one of them will fail or want to be done, but the other one won't. If you think about that, in every business venture that you do, partnership is really, really powerful. But it's really hard.