valachio

I met a potential cofounder. He is the same age as me and we are both interested in building a startup in the same field. Our skillset also complement each other's. On the work-side of things, we are a solid match.

However our personalities are quite different. In other words, I wouldn't want to be friends with him or hang out with him as a friend. Actually come to think of it, he's not someone I want to sit next to for too long.

I figured that if I am to build a startup with someone, I could be sitting next to them 12 hours a day, every day, for many years to come. I have to enjoy or at least tolerate their company. At the same time, it's a rare opportunity to meet someone whose interests are very similar to mine with complementing skillsets.

I could keep looking for other cofounders, or I could try to see if I can learn to tolerate this potential cofounder. What would you do in this situation?

I'm raising capital for a startup for the first time.

At my startup we currently have 2 classes of shares. Class A is a "super voting" share with 10 votes and Class B is a common share with 1 vote. Pretty standard nowadays.

I understand VCs want to buy "preferred" stock with liquidation preferences. How will that work into our dual-class stock system? Will we need to create a Class C share for VCs for the preferred stock? Or is it a special type of stock which does not require a new class of shares to be implemented?

Also, some articles I read say that preferred shares have no voting rights, is that right? Does that mean VCs purchase shares with liquidation preference but with 0 voting power?

I have this problem where I tend to overthink when I'm working on a side project.

In actuality I would prefer to build something crappy than to build nothing at all. At least that way I have something cool to show to people.

But I find it tough to stop my mind from thinking stuff like "this thing you're working on isn't going to work, it's probably not going to be useful at all. let's just stop working on it"

As a result I find it really hard to work on side projects and I end up wasting that time on consuming useless things like social media and video games.

How do I stop myself from overthinking when building side projects and just do it and finish it?

If you are dying to work on an idea but none of your current ideas excite you, would you work on the best idea on the list of ideas you have (even if it's not that exciting to you), or would you just hang back a bit and wait for better ideas?