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Absolutely, DO NOT, get a co-founder!

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Re: Absolutely, DO NOT, get a co-founder!

#51

I mostly agree with this, except I also think it's pretty important to have at least one other co-founder... but it's even more important for you to be able to trust and work well with those co-founder(s). Going out and finding some random dude that you don't know or trust to be a co-founder for the sake of having a co-founder seems like a huge gamble and just a bad idea.

If you've known someone for awhile and you know they would be a great person to start a company with (and you have the emotional maturity to be abel to tell that- I mean, how many people think they are going to get married to the person they are dating, 5, 8, 12 times before they meet the person they know they are going to marry and with whome it works out?) ... if you already have a cofounder, even if you don't have an idea for a company yet... then start a company with them. Nothing wrong with that.

My point is just that if you don't have this person... don't hesitate for a second. Just go forward and get employees or go without them.

If it means you don't get YC funding because of PG's bias, then you didn't want it anyway.

Just don't hesitate to start a company without a cofounder... most successful businesses are founded by individuals.

Re: Absolutely, DO NOT, get a co-founder!

#52
My title gave a little bit the wrong impression-- it sounds like I'm saying that cofounders are bad. I'm not.

What I mean is, if you don't already have a cofounder, don't get one. You don't need one.

If you find someone, then maybe that's great... but understand the risks.

But you should never go get one because you think you need one... that's a recipe for failure.

Re: Absolutely, DO NOT, get a co-founder!

#53
post #46

Earlier quoted context omitted.

It is the same difficulty that a hunting party would have growing into a village. Maybe it's just me, but this analogy is not all that clear to me. What exactly prevents a hunting party from growing into a village? If the point is that a village would require people to fill support roles, I think that is what the employees of the company would be for. That would destroy the analogy, so I think I must be missing somet…

In the beginning of a startup, especially one that has multiple co-Founders of equal stature, the command structure is exactly that of a hunting party. That is, members of the party do not have rigid roles although they each have distinct skills. Their lives center around well-defined hunting events, the success of each is important for their subsequent survival. The decision making process tends to be ad hoc and eac…

Thank you for the very thorough explanation. It does bring up some more questions in my mind, however:

Even in hunting parties, aren't there leaders who need to resolve disputes or ultimately take on the responsibility to make tough decisions? Isn't the most experienced or best hunter the one in this role? I'm not sure how this maps exactly to a cofounder situation (unless, of course, there happens to be a parallel in the startup in question), but wouldn't it make sense for this hunting leader to become the elder?

Is it not possible for the single leader situation to be replaced by a ruling group? As long as these members continue to do some of the other work involved in the village/startup, it does not seem like it would become a situation where there are too many leaders and not enough workers. Of course, this assumes that the group can continue to reach decisions in a reasonable manner.

I'm not saying these situations could occur easily or frequently, but they seemed to fall outside the realm of your explanation while remaining hypothetically reasonable and workable.

Re: Absolutely, DO NOT, get a co-founder!

#54
post #18

The fact that most plane crashes are due to engine failure doesn't mean planes shouldn't have engines. All you have to do is look at the empirical evidence. Successful single-founder startups are so rare that they're famous on that account. I'm not saying that having a cofounder is so important that you should take someone lame, or someone you don't know well. Maybe if you can't find a cofounder you're just screwed;…

What about for Facebook apps?

A toy application on a proprietary platform is definitely not a startup (it's just cheap, outsourced market research for Facebook).

Re: Absolutely, DO NOT, get a co-founder!

#55
post #45

Earlier quoted context omitted.

I definitely see where you're coming from, and I agree to a certain extent. It's just that there are some things that an employee may not do which I cofounder would, in my own hypothetically-played-out-in-my-head scenario. 1. An employee is less likely than a cofounder to express disagreement, especially on ideas that it seems like you are "married to". 2. A cofounder is presumably completely onboard with you and the…

Apologies if we're stating to go in circles... 1. Not if you take them into your confidence and make them know that you value their opinion. Who doesn't want the CEO's ear? Its really all about the attitude you show them (and their personality, which is something you can select for.) 2. I think that you should hire with the same criteria and standards that you find a co-founder, and you should reward people based on…

I'm with you that it is possible (and sometimes advisable) to go it alone in lieu of finding a cofounder first. Based on all of our points, however, it is advisable for a solo founder to have the following traits and abilities:

no connections to a trusted potential cofounder - may as well have a cofounder in this case to ease the initial burden and offer support down the road

able to use good programming practice when it doesn't seem imminently necessary - if there is any hope of code being understandable to anyone but yourself (and even yourself, several months down the road), good documentation and clean interfaces are important. With no need to work with anyone else initially, it will take some discipline to uphold this practice

passion for the project or idea - something has to keep you going when doing the drudge work or when a wrench gets thrown in the works, and you only have yourself to turn to for a reminder of why you started this whole thing in the first place

good vision and leadership - the whole crux of your assertion is that having a single founder eliminates disputes in the decision-making process. Obviously the single founder better make good decisions and be able to get others on board with those decisions

good judge of character - with employees being expected to fill many of the roles that a cofounder would, it becomes especially important to hire the right employees, the kind who will give valuable input in every aspect of the project

good people skills - all of the first several employees need to have the feeling that they can approach you and give you their opinions and ideas on many aspects of the company, while being assured that you are taking their input seriously. This can help mitigate bad decisions and prevent tunnel vision while getting the most out of your employees by keeping their morale up

mentally stable - this may seem like a given, but a single founder will have to be able to run on an especially even keel in spite of having numerous setbacks and high levels of stress. It would be good if that thinking out loud did not turn into having conversations out loud with yourself ;)

hard worker - able to do all of the initial work alone, meeting self-imposed deadlines along the way and to setting a good example for the initial employees to live up to

an engaging personality - something to convince those employees that they should stick with you even when the whole idea is looking crazy and doomed. Also, a way to hire those awesome employees that you found thanks to your good judge of character

confidence - at no time can you seriously doubt your ability to come through or to lead everyone, or the project is doomed with no one else to (even temporarily) take over the reigns

So it seems, based on my own little analysis here, that being a successful single founder depends on the person having a lot of intersecting advantageous traits. Of course, some of these are also necessary in a cofounder situation, and some of them can be learned or improved with time, so things may not be as grim as they initially seem. Can we agree, though, that the ability to successfully and independently found a company requires the right kind of person, a stronger individual than the type who might be successful in a two-founder project?

I would agree, though, that if you have all these traits, you have a good chance of being better off on your own (dissenters: do note the first trait I mentioned). I would really like to think that I meet most of this criteria, with some things that I need to work on before I'm ready to take a solo dive, and I know that I would prefer to work alone. I will certainly keep your advice as inspiration to remind me that it's definitely possible for me to do this sort of thing by myself.

Re: Absolutely, DO NOT, get a co-founder!

#56
post #46

Earlier quoted context omitted.

In the beginning of a startup, especially one that has multiple co-Founders of equal stature, the command structure is exactly that of a hunting party. That is, members of the party do not have rigid roles although they each have distinct skills. Their lives center around well-defined hunting events, the success of each is important for their subsequent survival. The decision making process tends to be ad hoc and eac…

Thank you for the very thorough explanation. It does bring up some more questions in my mind, however: Even in hunting parties, aren't there leaders who need to resolve disputes or ultimately take on the responsibility to make tough decisions? Isn't the most experienced or best hunter the one in this role? I'm not sure how this maps exactly to a cofounder situation (unless, of course, there happens to be a parallel i…

The problem is not one of skills and affinity but one of command structure.

A startup with multiple equal co-Founders is a partnership. No one in a partnership bears fiduciary responsibility. Each partner is responsible for their own interest and that of their family and no one else. So for partners to make decision, they barter. They each decide what they want from each other and out of necessity, they come to a common ground.

At the beginning of a startup, this is not a problem because like a hunting party, they are consumed by their own survival and their common ground is the only ground. The hunters are both owners and executives but there is no conflict.

But as the startup grows and becomes successful, the partners (i.e., co-Founders with more or less equal stature) will have a problem finding common ground.

On the other hand, a company is not a partnership. Company is owned by shareholders, whose interests are represented by the Board of Directors. The Board members (i.e., village elders) are not the executives but instead they appoint an executive (village chief) to run the company (village) on their behalf. The chief executive is given a mandate by the elders and he/she surrounds himself/herself with fellow executives, who together share the fiduciary responsibility.

So for a hunting party to evolve into a village (or a startup to evolve into an operating company), the original co-Founders will have to evolve from a co-owner to co-executive, replacing their ownership interest by fiduciary responsibility, and learn to change their decision making process from one of bartering to one based on mandate.

This sounds easy but almost never done properly.

--Denny--

Denny K Miu

http://www.startupforless.com

Re: Absolutely, DO NOT, get a co-founder!

#57
post #35
post #18

The fact that most plane crashes are due to engine failure doesn't mean planes shouldn't have engines. All you have to do is look at the empirical evidence. Successful single-founder startups are so rare that they're famous on that account. I'm not saying that having a cofounder is so important that you should take someone lame, or someone you don't know well. Maybe if you can't find a cofounder you're just screwed;…

The plane analogy doesn't work because dual engine planes are more reliable than single engine planes... unlike founding teams, engine can't decide that they want to go in different directions and engines are not insecure, ego driven, or prone to misunderstanding each other. Nor do engines have investors coming in sowing dissent between them. If you look at the empirical evidence, you will see that most successful co…

I haven't seen statistics on single founder vs multiple founder startups. I'm not sure if there are any, or the massive biases they would exhibit because most startups die without ever leaving a trace.

Most of the companies you've worked for had multiple founders - to be get big enough to hire someone is a measure of success. I think history likes to write stories about single men of vision - especially in the established business fields. I'd take such a look with a healthy skepticism.

Re: Absolutely, DO NOT, get a co-founder!

#58
post #36
post #19

Earlier quoted context omitted.

I think brett was suggesting rambling, angry, posts are better suited for a blog.

Hmm... I don't know what was angry about what I posted. I just saw another "how to get a founder" thread followed close on the heels of a post on another site from someone lamenting that they couldn't find a co-founder. Sure, it has sucked to when the founders were fighting... but its been years since I went out on my own. Don't confuse confidence and passion for anger.

There was nothing angry about it. The culture around here borders on a personality cult around Paul Graham, which explains all the "how to get a co-founder" threads.

Thanks for the great essay.

Re: Absolutely, DO NOT, get a co-founder!

#59

Earlier quoted context omitted.

Nothing prevents you from doing that after you come up with a viral app. Facebook is a nice place to experiment because it takes so little time to build Facebook only apps.

I guess I'm trying to say that there are plenty of Facebook apps (free gifts, HTML walls) that are "viral" and easy to build, but how many of these have any chance at making money? I'm implying that any Facebook application that is useful enough to become a "founded company" will involve an external site of some sort, one that involves the same types of inherent complications that are present in any other startup. Wh…

Frankly, I grin every time I hear someone say that Facebook apps don't make money, because that's just more left for me. Consider these stats from a not spectacularly successful app: http://www.techcrunch.com/wp-content/smincomebig.png

How many web 2.0 companies do you know that are pulling those numbers?

Facebook is the most viral platform in the history of man - making it easy to get a lot of users quickly makes it deal for experimentation.

Re: Absolutely, DO NOT, get a co-founder!

#60

I like the case you're making here, which mainly seems to be that if you're waiting around on a cofounder, you're trying to solve the wrong problem. Unless you already have a potential cofounder in mind, you may be opening yourself to other problems by trying to find one (delaying the project, working with someone who turns out to be not as good as hoped, etc.). So I have to agree that your advice to just start worki…

Getting along with a co-founder is nothing like getting along with a partner in a class project.

I have friends that I worked great with in college. They all remain my dear friends, but...

after years of hacking together, and literally hundreds of thousands of lines of code, sometimes you just don't see eye to eye..

I agree a co-founder is beneficial, but it is very different then just hacking a project out with a buddy.

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