top | item 6161079

(no title)

jmaskell | 12 years ago

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.

discuss

order

7Figures2Commas|12 years ago

Don't take this the wrong way, but your entire rationale for having co-founders seems to be based on fear and negativity. Your comment implies that you're most interested in providing yourself with the comfort that somebody else is taking risk too and will be there to drown with you when the ship sinks.

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

It's not about fear of failing. I wouldn't do it again unless I was convinced the venture would be successful (and I think there's a significantly increased chance of that, based on what I learnt during the failed startup and since).

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

Given the base rate of failure for all startups, simply not failing places you in a high percentile for overall success.