• Ep 1.3 • Is Four Co-Founders Too Many? | Interview with Tonic.ai

  • Jan 30 2024
  • Duración: 31 m
  • Podcast

Ep 1.3 • Is Four Co-Founders Too Many? | Interview with Tonic.ai Por arte de portada

Ep 1.3 • Is Four Co-Founders Too Many? | Interview with Tonic.ai

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  • Listen now on Spotify / Apple / YouTube / Google. Brought to you by Confidante, preventing the co-founder conflicts that kill 65% of startups. Get podcast summaries and co-founder resources delivered to your inbox: www.confidante.substack.com Ian Coe, Karl Hanson, Andrew Colombi & Adam Kamor are co-founders of Tonic.ai. Meet Ian, Karl, Andrew, and Adam, who came together in 2018 to co-found Tonic. Their goal? To revolutionize how engineering teams create synthetic yet meaningful test datasets. Speaking of data - as many in the startup world know, it's rare to find founding teams with more than three members. Which brings us to a common question: How many co-founders is too many? Let’s crunch the numbers… a recent analysis from TechCrunch revealed that less than 7% of companies raising over $10 million had four or more co-founders. Against all odds, Tonic’s four person founding team has raised over $47 million dollars from leading investors like Insight Partners, GGV Capital, and Bloomberg Beta. Join us as we uncover the secrets behind their success and see for ourselves how many co-founders are too many? In our conversation, we discuss: • The Requirement of Trust and Commitment in the Team • An Honest Discussion on Titles and Roles in the Founding Team • Fundraising & Investor Relations with a Large, Remote Founding Team • Infusing Humor and Levity into the Company Culture • Shared Decision Making in the Founding Team • Advice for New Founding Teams Where to find Tonic.ai: https://tonic.ai/ LinkedIn - tonicfakedata / Twitter - @tonicfakedata / Instagram - @tonicfakedata / YouTube - @tonicfakedata Where to find Annie Garofalo, host & startup team relationship expert: Website: https://www.confidante.infoNewsletter: https://confidante.substack.com LinkedIn: https://www.linkedin.com/in/annie-garofalo/Instagram: https://instagram.com/thecofounderconfidanteTikTok: https://www.tiktok.com/@the.cofounder.confidanteTwitter: https://twitter.com/anniegarofal0YouTube: https://www.youtube.com/@TheCoFounderConfidante In this episode, we cover: 00:00 Episode Highlights 00:24 Podcast Introduction 00:43 Meet Tonic AI's Founding Team 01:49 The Origin Story of the Co-Founders 02:53 Building Trust and Commitment in the Team 05:29 Navigating Titles and Roles in the Founding Team 11:30 The Challenges of Fundraising and Investor Relations 15:29 Infusing Humor and Levity into the Company Culture 18:42 Navigating Personal and Professional Relationships in the Team 21:14 Shared Decision Making in the Founding Team 26:22 Advice for Other Founding Teams 29:41 Submit Your Questions 30:20 More About Tonic.ai References & Resources: • 6 Biggest Mistakes when Choosing a Co-Founder: Article: https://confidante.substack.com/p/6-biggest-mistakes-choosing-a-co / Quiz - https://cofounder-agreement.involve.me/6-biggest-mistakes-choosing-a-cofounder • TechCrunch Data on Co-Founders & Fundraising: https://techcrunch.com/2016/08/26/co-founders-optional/ Podcast produced by www.confidante.info. For inquiries about sponsoring the podcast, email podcast@confidante.info. Annie may be an investor, advisor, or coach for the companies discussed. Get full access to podcast summaries and founding team research and resources by subscribing to the newsletter at www.confidante.substack.com
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