Approximately twice a week, Skimm A and B are each asked “Do you two hate each other yet?”
The answer is no.
This is usually followed up by:
Friend: Which one of you is in charge?
Skimm A/B: Both of us
Friend: No, but really…
We are actually friends and we are actually both in charge.
These reoccuring questions have reminded us how lucky we are to be business partners together and how important it is to find a co-founder who is a real partner. We are always amazed when we talk to entrepreneurs seeking to start something new and they say ‘I just need to find my co-founder’ as if they’re talking about finding a new office space. Finding a business partner is entering into a marriage —you will fight, you will both lose your looks, you will talk finances, you will set up a prenup, and your families will want to meet — and unless you’re into getting hitched after a first date, make sure you know who you are entering into business with
THINGS THAT REMINDED US WE WERE GOOD BUSINESS PARTNERS:
Setting: In theSkimm’s first week, we had a meeting and someone asked ‘which one of you came up with the name?’
Skimm A & B at the same time: She did.
The Lesson: Clearly, one of us came up with the name first. Which one of us? It doesn’t matter. The second it hit a google doc, it was both of ours. We entered into this with the same passion and objectives. Egos check at the door.
Who wrote that?
Setting: Biz dev meeting. Potential biz dev partner said they loved one particular line in theSkimm.
Brand: "Which one of you wrote that?"
SKIMM A: Both of us.
SKIMM B: She did.
The Lesson: Always root for your co-founder.
But what do you want to do?
Setting: During fundraising, Skimm HQ interviewed an attorney to work with. He wanted us to go down a certain fundraising path. Skimm A had to leave the meeting early and Skimm B finished up.
Lawyer: I could tell you don’t agree with Skimm A, you can tell me the truth.
SKIMM B: Check, please.
The Lesson: The biggest mistake we’ve seen potential investors, partners, and employees make in dealing with us is trying to play us off one another. Try again.
NEW ENTREPRENEUR LESSON OF THE DAY:
By the time we started theSkimm, we were friends first, roommates second, and then grew into business partners. Make sure you trust your co-founder implicitly.