How to Build a Co-Founder Relationship That Lasts
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What happens when two unlikely co-founders challenge everything about the venture capital world?
In this episode of The Courageous Leaders Podcast, I sit down with Check Warner and Matt Penneycard, the duo behind Ada Ventures. They open up about money, stress, parenthood, relentless rejection and what it takes to build a business from nothing but trust and audacity.
If you’ve ever wondered how to start a company with zero roadmap, navigate co-founder friction, or fundraise against the odds this one’s for you.
We Cover:
01:40 – Check’s bold career pivot into VC with no finance background
04:46 – Matt’s courageous leap despite the financial and family strain
06:18 – Why Check didn’t believe Matt was “real” (and how that changed everything)
08:40 – Equal partnership: how they split everything 50/50 from day one
11:54 – Building Ada Ventures with no salary, no certainty, just vision
13:13 – How trust and shared risk carried them through tough times
15:25 – The first moment of friction (and the awkward feedback conversation)
18:35 – Leading with inclusivity, especially when no one else was doing this
29:47 – Did they ever think about quitting? Yes. Here’s how they didn’t.
32:10 – The viral “privilege” article and why Check had to speak up
Don’t miss out on this powerful episode.
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Chapters
1. How to Build a Co-Founder Relationship That Lasts (00:00:00)
2. Check’s bold career pivot into VC with no finance background (00:01:40)
3. Matt’s courageous leap despite the financial and family strain (00:04:46)
4. Why Check didn’t believe Matt was “real” (and how that changed everything) (00:06:18)
5. Equal partnership: how they split everything 50/50 from day one (00:08:40)
6. Building Ada Ventures with no salary, no certainty, just vision (00:11:54)
7. How trust and shared risk carried them through tough times (00:13:13)
8. The first moment of friction (and the awkward feedback conversation) (00:15:25)
9. Leading with inclusivity, especially when no one else was doing this (00:18:35)
10. Did they ever think about quitting? Yes. Here’s how they didn’t. (00:29:47)
11. The viral “privilege” article and why Check had to speak up (00:32:10)
191 episodes