Earlier quoted context omitted.
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 push…
Good points. I tend to do a poor job at context switching. Once I get in a coding mood I become extraordinarily anti-social and vice versa. Also, frankly, I'm not that great at sales, at least compared to watching friends of mine who are professionals. But yeah, I'm going to try this anyways.
Ask PG: Any new thoughts on single founders + YC?
21–30 of 57 posts
Re: Ask PG: Any new thoughts on single founders + YC?
#22My own experience is with solo success and a few projects with co-founders dying in early prototyping stage.
In short, some of the things people benefit from externally from a co-founder, I learned to internalize.
I have needed to consciously increase my introspection, know when to trust my instincts and when not to and be 100% self-motivating all the time, even when I am feeling low. I don't think 24 year old me could have done this. I don't think I would know when I was wrong or recognize want vs. need fast enough to prevent serious failures from happening. 36 year old me is very good at it. The maturity, willingness to question my choices in a positive manner and self discipline I gained in that time has made it possible for me.
edit: I also think it has allowed me to be a better bootstrapper and avoid the need to seek out seed money. 36 year old me is comfortable with both knowing what should be done, doing it. For example, YC would be worthwhile for me, but I would never change a thing about my plans just to get in.
Re: Ask PG: Any new thoughts on single founders + YC?
#23Let'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…
Re: Ask PG: Any new thoughts on single founders + YC?
#24I'm an engineer, I could sit in my house and work for months on end making amazing things that never see the light of day. It takes more effort than I have on half of the days out of the year to release things into the wild[1]. I need a co-founder that complements me in this aspect, someone who is very good at pushing things out in front of people and getting attention for it. If I were to pick up another technical person, we'd just do the same things I'm already doing: making things without releasing.
I'm an artist, I can be very creative when it comes to procrastinating important, administrative tasks, i.e. paying taxes and such. I need someone[2] to push me, prod me, maybe even just do it for me. Another technical cofounder isn't going to pick up that slack, they'll want to work on code.
And if I take any of these people on as partners, the only way the project wins is if they're in it for the long haul, if they are as dedicated to it as I am.
So there you go, a very tall order: find someone who does not share your skills but has their own that can help you (so has an increased likelihood that they are not in your social circles[3]), and is committed to the project in the same way you are (this is a slog, just try people out and dump them if they don't work, no hard feelings, just move on). As with all issues of luck, it's about perseverance and riding the waves as they come in.
But the difficulty of finding that person/those people doesn't mean you stop working.
[1] I pay the bills with consulting gigs, so my clients force me to release on that stuff. Also, I'm forcing myself to learn how to build a blogging followership, as an education in marketing.
[2] Not necessarily a cofounder, but an accountant can be expensive. So, I'm paying an accountant for the big things and trying to get better about not procrastinating. "Trying" means "attending coaching sessions", not "talking about trying".
[3] So I'm forcing myself to socialize with non-technical people. I'm not going to any more programmer meetups. I'm instead going to things like CreativeMorning, or just chatting up the local business owners who run their own shops. Really though, the 6-degrees-of-separation rule applies, and it's really more like 4. The more people you get to know, in general, the more likely you'll be connected to everyone, so there is at least a non-zero chance you can find suitable people, if you persevere.
Re: Ask PG: Any new thoughts on single founders + YC?
#25It'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 v…
Re: Ask PG: Any new thoughts on single founders + YC?
#26Let'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…
It's okay to postpone starting a startup, but if you want to say that you're started and get funded, then you have to show that you won't even consider a possibility of postponing growth for reasons you can avoid.
Re: Ask PG: Any new thoughts on single founders + YC?
#27Let'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…
Would you want to invest in someone who will wait indefinitely to find the ideal teammate while [s]he actually needs to hire sub-optimal people in order to grow the company? It's okay to postpone starting a startup, but if you want to say that you're started and get funded, then you have to show that you won't even consider a possibility of postponing growth for reasons you can avoid.
Re: Ask PG: Any new thoughts on single founders + YC?
#28Thanks 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?
#29(1) The venture is not in an area that's trendy right now, making it something where people who don't share the founder's belief in the idea and vision might be much more reluctant to take the plunge. But that doesn't mean it's a bad vision.
(2) The founder has had trouble finding a co-founder he/she can trust, who is compatible, and who is available for a venture. In a startup scene full of hucksters and flakes, trust is a legitimate concern.
(3) (Not applicable to YC since YC is bay area only, but...) The founder may be in a place with a much smaller or non-existent startup scene, like a small town or a city/country where this stuff is rarer. In that case co-founders might be pretty hard to come by.
Re: Ask PG: Any new thoughts on single founders + YC?
#30Is the 20% failure that rate that YC attributes directly to fights between cofounders actually much higher than it should be? Is this simply because YC is forcing people to match up to cross the eligibility threshold? I'm not sure they even have the information needed to determine this, given the massive incentive they've given people to misrepresent the closeness among their team members.
I wouldn't be surprised if this puts a forcing function in place that yields a lot of sub-optimal partnerships. If you had a super-trendy hot night club with a height requirement, you'd find a lot of lifts in peoples' shoes.