Friday, June 22, 2012
Can friends be business partners?
Bonobos co-founder Andy Dunn on building a business with a former roommate, and other lessons/adviceAndy Dunn, co-founded pants designer and retailer Bonobos in 2007 with his former Stanford Business School roommate Brian Spaly. So far, so good. The two are making a killing at their new venture.But it's not been all that easy."My co-founder and I have highly overlapping skill sets," said Andy, in this segment of "Lessons for Entrepreneurs." Working together has been an enormous challenge," he added. Andy's advice to former roommates or friends thinking about working together is this: Think about your relative contribution and the architecture of your business relationships. "It's critical." Fortunately, the two have been able to preserve the friendship, he said. Other lessons include hiring well. "Firstly, hire all-stars and delegate," he said. Bonobos coaches its employees ... [http://vator.tv/n/a9b read more]
Posted by ECGMA at 11:29 AM