Co-founder - Product - Startup

Manage Product Development :

- A co-founder also plays an important role in product development and implementation. In the early stages of a new startup, a co-founder takes a very active role in developing a product, determining specifications, and bringing that product into production, whether it's a physical product or a digital solution (such as a website or application). This aspect of the role is hands-on and critical, as successful product development can determine whether a new venture is ultimately successful.

Direct Marketing and Promotion :

- Co-founders are also responsible for conducting early marketing and promotion for their product. Well before a product arrives on the market, co-founders need to network and build anticipation for their products to ensure that there is demand once the product moves into production. This part of the job can include building a social media presence, crafting press releases, and attending industry events to build word-of-mouth.

Develop Financial Estimates :

- Co-founders are in charge of developing financial estimates and setting milestones and timelines. A co-founder estimates costs to bring their product to market, develops financial plans to determine break-even points and ensure long-term solvency, and sets budgets as the company grows. Part of this role can also involve seeking out additional funding and investors for a new venture.

- Create Business Plans and Documents

- Another responsibility of a co-founder is creating business plans and important documents, which can include financial information, hiring documents, and business registration materials. Co-founders work together with legal experts to structure their businesses and create legal documents that outline each co-founder's responsibilities, shares of equity, and terms of a partnership or corporation.

Build and Lead Teams :

- As a company grows, a co-founder also needs to build and lead effective teams.

- This aspect of the role involves high-level decision-making as well as the ability to identify areas where it benefits the company to bring in new personnel.

- The ability to inspire and lead teams helps companies scale up as their market share increases and helps hire and retain staff members who are dedicated to the company's success.