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5 Questions You Must Ask Before Getting Into Bed With a Business Partner

December 12, 2006 by Ben Yoskovitz

Before hopping into the proverbial sack with a new business partner, you need to ask these questions:

  1. What’s our exit strategy?
  2. How will we handle/moderate conflict?
  3. How much equity will we each own?
  4. What are the roles each of us will play?
  5. What are each other’s expectations for ourselves and for one another?

If you don’t ask these questions and discuss them thoroughly and honestly, you’re going to be surprised at some point in the future (and not in a good way.)

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Ben Yoskovitz

Founding Partner at Highline Beta, a hybrid venture studio and VC firm that works with large, ambitious companies to identify new areas of opportunity through internal and external innovation.

Previously I was VP Product at VarageSale and GoInstant (acq. $CRM), and Founding Partner at Year One Labs.

Angel investments include: Breather, Spoiler Alert, SendWithUs and others.

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