What is a Cofounder? Definition, Roles, and Benefits

A cofounder is someone who helps to establish and develop a business or organization, often alongside the founder. Cofounders typically contribute to the creation of the company's product or service, its marketing and sales strategy, and its overall vision and direction. They may also be involved in fundraising, hiring, and other key aspects of the business.

Cofounders can bring different skills and expertise to the table, which can help to balance out the founder's strengths and weaknesses. For example, one cofounder might have a background in engineering, while another has experience in marketing. This diversity of perspectives and expertise can help to drive innovation and growth within the company.

It's worth noting that cofounders do not necessarily have to be co-equal partners in the business. In some cases, one founder may take on a more prominent role or have a greater ownership stake than the other cofounders. However, having multiple cofounders can help to distribute responsibility and risk more evenly, and can provide a stronger foundation for the company's long-term success.