131 - FinTech Cofounders: When Friendship Becomes A Problem

<p dir="ltr">Starting a business with a friend sounds like a good idea in theory, but in reality, it’s often a different (much more challenging) story. Tune in today to hear about the common issues people face when they choose to go into business with their friends.</p> <p dir="ltr">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just <a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531">click here to review</a>, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </p> <p><strong> </strong></p> <p dir="ltr"><strong>Today's episode:</strong></p> <p dir="ltr">[00:39] An overview of today’s topic: the co-founders’ dilemma. </p> <p dir="ltr">[00:53] Why joining forces with friends to start a company isn’t always a good idea.</p> <p dir="ltr">[03:10] An example of when combining friendship and business has worked well. </p> <p dir="ltr">[04:14] How situations often play out when one co-founder isn’t fully competent. </p> <p dir="ltr">[06:27] How friends who are co-founders affect workplace dynamics. </p> <p dir="ltr">[08:06] The problem of not signing a shareholder agreement (a common mistake made by friends who become co-founders). </p> <p dir="ltr">[09:50] The key takeaway from this episode!</p> <p dir="ltr">[10:31] Advice for people who work for co-founders who are also friends. </p> <p dir="ltr">[11:18] An overview of the FinTech Compliance Collective program. </p> <p><strong> </strong></p> <p dir="ltr"><strong>Show links:</strong></p> <ul> <li dir="ltr" style="font-weight: bold;" aria-level="1"> <p dir="ltr" role="presentation"><strong>Take part in our workshops and coaching sessions to level up your FinTech compliance expertise: <a href= "https://yana-afanasieva.mykajabi.com/offers/gs4Mzgdy/chec