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Ask PG: Any new thoughts on single founders + YC?

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Ask PG: Any new thoughts on single founders + YC?

#1
I know YC has always been reluctant to accept single founders, but now that a decent number have come through over the years, I'm wondering if this still stands? A handful of single founders are accepted with each batch - any new data points here? Can they succeed alone, or do you still push for finding cofounders?

Re: Ask PG: Any new thoughts on single founders + YC?

#3
Thanks for asking this question. Being a single founder is hard, but doable if you are passionate about what you are building. If you aren't passionate to the extend of being nearly blind with belief, it is impossible to do it alone.

I am guessing that YC may not care that much if you're single or not. I think they evaluate you on your overall chances of success.

Re: Ask PG: Any new thoughts on single founders + YC?

#4
It's really odd and kind a funny to me : Investor push toward 1:good product 2:low cost-of-running-company. This I can understand.

Over the years the cost of building a start-up has gone very low, wich is a very very good for everyone involved (founders, investors, society at large).

In the end, One solo-founder vs two-menbers-founders company egals running-cost of the latter being half priced. To me this is a very very good number for early adopter investors.

So yes my oppinion (as a founder) is that inveTstors for startups should run for those solo-founders : This way, they could invest twice the number of startups for the same amount of money.

Re: Ask PG: Any new thoughts on single founders + YC?

#5
Let's say you don't have an ideal co-founder - one who complements your skills and whom you trust implicitly and deeply (like how it's described in this nice Venturehacks piece - http://venturehacks.wpengine.com/wp-content/uploads/2009/11/...).

Does it then make sense to bring on board a sub-optimal co-founder, one whose skill sets may be similar to yours, and who may not share that close a friendship or history with you, and whom you cannot blindly trust?

Re: Ask PG: Any new thoughts on single founders + YC?

#6
post #5

Let's say you don't have an ideal co-founder - one who complements your skills and whom you trust implicitly and deeply (like how it's described in this nice Venturehacks piece - http://venturehacks.wpengine.com/wp-content/uploads/2009/11/... ). Does it then make sense to bring on board a sub-optimal co-founder, one whose skill sets may be similar to yours, and who may not share that close a friendship or history wit…

This has been a long standing problem of my own. I think finding a true co-founder if you don't already have someone immediately present in your pool is extraordinarily difficult. The sub-optimal thing is especially difficult if you've already started (I'm 8 months in myself), and then it doesn't make sense to divide equity equally any more either, so you effectively end up with a "first employee" rather than a true co-founder.

I don't have an obvious solution to this problem. Looks like pushing forward alone (w/ a few odd employees) is the most likely option.

Also, it's not immediately clear to me that I would have been better off with a co-founder. There are so many value and design decisions to make early on that need to be established, and being able to make those fairly quickly and push forward with the bulk of the effort (first development, now sales) I think was a good position to be in.

That said, it is considerably easier to get in a funk as a single founder working longer hours than anyone else, constantly pushing forward without any discernible support. Having a girlfriend helped me with part of this for awhile -- although I had somewhat minimized working hours because of her, I also avoided any major "slump" periods.

Also, tracking all progress (lines of code written, tickets closed, commits, user adoption) has been great since I have weekly metrics that I'm always seeking to achieve. I think that's been the best way to keep me focused, and also to direct my focus at the most important goal at any given moment.

Also I still have lots of equity to give away -- if anyone reading this wants any, please let me know ;)

Re: Ask PG: Any new thoughts on single founders + YC?

#7
post #6
post #5

Let's say you don't have an ideal co-founder - one who complements your skills and whom you trust implicitly and deeply (like how it's described in this nice Venturehacks piece - http://venturehacks.wpengine.com/wp-content/uploads/2009/11/... ). Does it then make sense to bring on board a sub-optimal co-founder, one whose skill sets may be similar to yours, and who may not share that close a friendship or history wit…

This has been a long standing problem of my own. I think finding a true co-founder if you don't already have someone immediately present in your pool is extraordinarily difficult. The sub-optimal thing is especially difficult if you've already started (I'm 8 months in myself), and then it doesn't make sense to divide equity equally any more either, so you effectively end up with a "first employee" rather than a true…

I have a suspicion that with the rise of YC, at least for a time, there were people searching for a cargo cult co founder. Not someone who meets all the requirements you describe, but a co-founder for the sake of having one because PG said so.

Re: Ask PG: Any new thoughts on single founders + YC?

#8
post #5

Let's say you don't have an ideal co-founder - one who complements your skills and whom you trust implicitly and deeply (like how it's described in this nice Venturehacks piece - http://venturehacks.wpengine.com/wp-content/uploads/2009/11/... ). Does it then make sense to bring on board a sub-optimal co-founder, one whose skill sets may be similar to yours, and who may not share that close a friendship or history wit…

> Does it then make sense to bring on board a sub-optimal co-founder, one whose skill sets may be similar to yours, and who may not share that close a friendship or history with you, and whom you cannot blindly trust?

This is very true. It is really difficult to find someone with all those qualities and also be as passionate as you are on that idea or gets the true vision. I feel it would be best to not rush into getting a co-founder for VCs / incubators' sake but to just keep a door open for when you do find someone. Till then, do not stop or doubt.

Re: Ask PG: Any new thoughts on single founders + YC?

#9
post #6
post #5

Let's say you don't have an ideal co-founder - one who complements your skills and whom you trust implicitly and deeply (like how it's described in this nice Venturehacks piece - http://venturehacks.wpengine.com/wp-content/uploads/2009/11/... ). Does it then make sense to bring on board a sub-optimal co-founder, one whose skill sets may be similar to yours, and who may not share that close a friendship or history wit…

This has been a long standing problem of my own. I think finding a true co-founder if you don't already have someone immediately present in your pool is extraordinarily difficult. The sub-optimal thing is especially difficult if you've already started (I'm 8 months in myself), and then it doesn't make sense to divide equity equally any more either, so you effectively end up with a "first employee" rather than a true…

This is exactly where I'm at right now. Though you're 6 months ahead of me, our experiences sound identical. I'm able to move very quickly and make decisions on the fly (user today after I pushed an update: "Wow, so fast! Do you ever sleep?"), which has been extremely beneficial thus far.

> That said, it is considerably easier to get in a funk as a single founder working longer hours than anyone else, constantly pushing forward without any discernible support.

Yes. Interestingly enough, I've found that when I get in a 'coding funk', switching to sales mode is a nice way to 'unfunk'. Instead of writing code, I write emails, reach out to existing users, and foster relationships with potential future users. Not only is it nice to interact with people, it is just as important as writing code and something that has to be done at some point. So why not do it while taking a break from coding?

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