Live data from Hacker News

Breaking a myth: Data shows you don’t actually need a co-founder

techcrunch.com

171–172 of 172 posts

Re: Breaking a myth: Data shows you don’t actually need a co-founder

#171
post #15

I've cofounded 4 different startups. All were good ideas that bled cash or time and flopped, largely due to infighting or founder differences. One cofounder of one of the companies got really nasty about trying to leave with the rights to the company and we other two cofounders just let him have it. He sold the rights and it's now a successful venture-backed startup with soaring profits (two cofounders). Good for tha…

> pick a behind-the-scenes guy if you're a visionary, or make sure you're comfortable as the behind-the-scenes guy if you're partnering with a visionary What's your take on the situation where you are both? (Where somebody is visionary, "knows business" and codes as well.)

Depends on what your end goal is and what you're starting with. If the goal is to get big and you have funds (or funding), you can be a single founder and just look for a couple of talented people, or perhaps one right-hand man, to take over the roles you're weakest in or that slow you down the most.

If your goal is to get big and you don't have funds or can't attract funding, you'll probably do best to look for a cofounder who's comfortable in the behind-the-scenes roll. If you don't have money but there're two of you, and you complementary and on the same page, you'll grow a lot faster than if you don't have money but there's one of you. The situation I ran into was not having money, and having cofounders who were not on the same page with me - that kills companies.

If you don't have money but just want a lifestyle business, then it's fine to be a single founder. You'll grow slower, but have freedom, and if all it's about for you is freedom then that'll be fine.

Re: Breaking a myth: Data shows you don’t actually need a co-founder

#172

I've cofounded 4 different startups. All were good ideas that bled cash or time and flopped, largely due to infighting or founder differences. One cofounder of one of the companies got really nasty about trying to leave with the rights to the company and we other two cofounders just let him have it. He sold the rights and it's now a successful venture-backed startup with soaring profits (two cofounders). Good for tha…

How long ago did you start your current one?

5 years. Lots of stumbling around in the dark and making dumb errors before I got serious about ramping the business up and making it a legitimate contender in its niche last year. The first 3.5 years were mostly learning the market + learning how to succeed (and how not to) in business.
Post reply on HN