How to get founders skin in the game?

Hi all, I work in biotech and have 6yrs of professional experience in my industry. I'm starting up my own shop and I've been scouting for co founders to do the technical parts of our work while I do the business side of things.

But as we continue to set things up I worry about them flaking out and their commitment in general. How have you ensured that your co founders are committed? How did they get skin in the game?

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They need to be interested in the product and causes just as you and you should do a good job and selling it to them.

Finding a good technical cofounder is hard, my suggestion is work with soomeone first and then based on attitude, performance and dedication offer them the cofounder role.

Happy to discuss further if you like.

1) find people who have a genuine passion for the work and company 2) equity grants are traditionally the most used way to accomplish “skin in the game “ with various vesting schedules. You want a solid start up attorney who can get your foundational documents lined up properly, operating agreement, grant award plan, grant award agreements etc. feel free to DM

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