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2 Founders are Not Always Better Than 1

2 Founders are Not Always Better Than 1
By Niall Maher • Issue #27 • View online
“You become what you give your attention to…If you yourself don’t choose what thoughts and images you expose yourself to, someone else will” - Epictetus

I spoke with three founders frantically searching for technical cofounders over the last couple of weeks.
When I asked them why are they looking, they said, “I was told by investors that I needed a team”.
This is when I tell people they should probably slow down because they are walking into the next famous question investors ask you; “How long do you know each other”.
And as you can imagine, saying you met a few weeks ago won’t create confidence.
Be confident that having a cofounder isn’t always better, no matter how much venture capitalists tell you otherwise.
According to this MIT article (titled “2 founders are not always better than 1”), “Solo founders are more than twice as likely to own an ongoing, for-profit venture than two or more founders. But solo founders are less likely to have ongoing, nonprofit ventures.”
Having a cofounder can be very beneficial to share the highs and lows and merge skillsets, but don’t rush it.
CB Insights reported that up to 23% of startups fail due to not having the right team.
“In the end, there are two things that matter: products and people. What you build, and who you build it with.” – Tony Fadell
The startup journey is not quick or easy, so make sure the right people surround you on the way.
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Connect Mor - Leverage your competition's marketing budget!
End ❤️
That’s all for this week, have a great week ahead, and I’ll chat with you next week! 👋
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