Should I pass on a remotely located co-founder?
Mystalic: I shall disagree with swombat.  I co-founded a company a few years ago with some remote co-founders I had worked with on other projects. I thought it would be fine.  However, there are major barriers to remote co-founders that can kill a business- Inability to brainstorm at any moment- Weakened brainstorming - It's just not the same via video, IM, or phone- Paperwork takes longer - Often you both have to sign it.  Mailing that crap is just horrendous- Harder to keep on task - Having each other to keep pushing each other and set tasks and to-do lists is vital- Meeting with investors is a pain when coordinating two different travel plans- You just don't get to interact with your co-founders enough to REALLY know whether you're compatible for working together on a startup.  You're going to have to be at the same place later on, might as well be now so you know this partnership is going to work 100%The geographic distance was one of the big factors that killed our startup.  Don't do it if you can avoid it in any way.