Your company will change. Build a partnership that can.
You are building a company and the partnership that runs it. Give both some attention.
A founding partnership takes shape in ordinary decisions: who notices what needs doing, who gets the last word, what goes unsaid when the pace gets hard. The book calls this shared experience the Third Field. It gives you a way to sit on the same side of the table and look at the arrangements you have made together.
Each of you reflects privately, then chooses what to bring to the conversation. Explore purpose, contributions, risk, decisions and change. Record what you agree in a working Covenant, and return to it as your lives and company change. Record sheets are included in the book.
A place for the conversations the company keeps postponing.
01
The company each of you wants
Revisit the founding story, the hopes behind the work, and what each person brings. Discover where your expectations meet and where they differ.
02
The partnership as it works today
See the load beneath the titles, the good things each of you may be protecting, and the arguments that repeat. Make room to look at who decides and how.
03
Choices you can return to
Distinguish what is proposed, what each of you has chosen, and what belongs with counsel. Shape a covenant in your own words, with time to revisit it as your lives and company change.
A taste of the book
Begin with one useful question.
Try one of these three short selections. Begin on your own, with an ordinary week in mind. A few sentences—or a few minutes of thought—are enough to start.
These are optional reflections, not a formal agreement or legal advice. You may keep your thoughts to yourself, skip any prompt, or write nothing.
The Co-Founder Covenant · Selected exercises · Paul Mola · thethirdfield.com/books/co-founders
These are optional reflections, not a formal agreement or legal advice. You may keep your thoughts to yourself, skip any prompt, or write nothing.
Selected and adapted from Part 02 · 02-C · Do you want the same company?
01
Do you want the same company?
Founders can work side by side while building toward different things. Start with what you want the company to be now.
What is the company for? What would make it worth what it costs you?
What kind of place do you want it to be to work?
How fast do you want it to grow?
Which of these hopes have you said aloud to your co-founders, and which have you only assumed they share?
If you choose to share: If you compare answers, listen for what is similar, different, or new to you. Nobody needs to argue for an answer today. A difference found is information.
Selected and adapted from Part 04 · 04-A · Titles and the actual load
02
Titles and the actual load
A responsibility includes noticing, planning, doing, following up, and having a fallback. Looking at all five parts can reveal work a title leaves out.
What would someone assume you do, from your title?
Name a few things you actually carried this month, large or small.
For one of those responsibilities, which of the five parts do you hold? Which does someone else hold?
Is there something nobody asked you to take? How did it become yours?
Which responsibility would you hand over if you could?
If you choose to share: In the book, the next step is to set accounts beside one another. If you share a line, begin by describing what the responsibility involves in an ordinary week. The lists describe the work; they do not score the founders.
Selected and adapted from Part 10 · 10-A · The founders’ hour
03
An hour for the partnership
Many founders meet constantly and seldom meet about the partnership. The book proposes one standing hour a month for how you work together, with one subject given your attention.
Would you want an hour like this? What would you want from it?
What would make you dread it?
When and where could it hold, even in a busy month?
What is one thing about how you work together that you would want to bring to that hour?
If you choose to share: You can bring the idea as a proposal. If each of you wants to try it, choose when and where, what stays outside the hour, and a date to look again. The hour is for the partnership; company operations are decided elsewhere.
Paul Mola has founded biotechnology companies, including Roswell Biotechnologies. In founding teams, he saw what can strain a partnership: risk carried alone, contributions valued unequally, and conversations left too late. He wrote the Covenant to help founders have those conversations early, with care for the lives that extend beyond the venture.
The book and the practice
Continue in the book, or with a guide.
The workbook stands on its own and is included in Director-led co-founder experiences. Your questionnaire helps select the session focus; other workbook areas are optional to explore afterward. The book awaits release; edition and delivery are confirmed before booking. Trying these pages does not start a service or give permission to use your writing.