I believe that being a solo founder contributed to the failure of my startup. In short, it puts a lot of pressure on yourself, that can't be split with other members of the team. If the ship is sinking, you have to go down with it. Other friends and mentors can offer support, but they're not in the same boat as you. When times are tough, founders can help pull each other through.I think the reasons described in the OP are more about having the wrong founding team. This is also why we have things like vesting - if someone decides not to work full time, consult elsewhere then they should lose part of their shareholding.
7Figures2Commas|12 years ago
Per my other comment, this is simply the wrong reason to bring on a co-founder. If you truly aren't confident in the opportunity you've identified and don't feel comfortable owning your pursuit of it, convincing two or three other people to come along for the ride isn't going to prevent failure. In fact, it's probably only going to make the process of failing even more stressful.
jmaskell|12 years ago
What I'm saying is that having equal co-founders gives you the ability to share the workload, emotional strain and get through the pain barrier.
It's obviously not impossible to build a huge business as a single co-founder, but it's unlikely that I'd want to do it again!
jacques_chester|12 years ago