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Why I'll be a solo founder next time

dennybritz.com

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Re: Why I'll be a solo founder next time

#31
post #19
post #2

A partnership is more work and harder than marriage because you have to: - get on and stay on the same page - agree on both of your live's direction and commitment to a path has to be the same for the next 2-3 years - have the ability to defer to each other in your area of competence - have to be skilled at learning and getting anything done, whether its business or tech. - know that your entry and exit goals have to…

Almost all of these things apply to marriage as well, minus the bits about exit strategy. If you think committing to the same direction for 2-3 years is difficult, it's not time to get married yet!

A couple doesn't need to have the _same_ direction, they just need to have compatible ones.

For example, a programmer married to a doctor. They have two different directions, but if the only real compatibility requirement is that they live in the same city, then seems fine.

Re: Why I'll be a solo founder next time

#32
I'm a single founder and can only say the experience is rather grinding.

I'm all up for the "If you don't help, at least don't get in the way" motto. I decided to pursue my current venture without a cofounder precisaly because I didn't find enough people that had both the skills and (understandably) the willingness to quit their nice paying jobs.

For me, it doesn't really make sense to have people aboard unless they add some real value to the two core functions of what a startup needs to do: building something and sell it. It's fine if you can't build it, but you better be damn good at selling it. Photo ops and "vision, mission and values" statements don't really justify a position on a bootstrapped startup that's trying to get a product out (this obviously varies, having well connected co-founders may make a lot of difference, some people are well worth their pay just because of their business karma).

The big problem of a solo venture, IMO, is that you find yourself doing these two roles simultaneously, which can be exhausting. It is for me, at least. I can do both rather well, but after a while I start finding it difficult to focus on designing a system for scalability, designing its database, reflecting on security, writing and testing Android code, building prospects lists and getting their contacts, getting meetings and attending them, fine-tuning your sales pitch and getting the man to write out a check. And I left out all the menial work that still has to be done.

By the end of the day, you're in agony not only because of that feature that is taking too long to build, but also for not getting enough customer meetings, because of not having enough positive answers and, mostly, because launch is (or should be) just around the corner and there's still a lot of stuff to be done and no one except you to take responsibility for it.

It's an emotional rollercoaster, so having the right partner seems like a good move.

Re: Why I'll be a solo founder next time

#34
If you're not good at building a founding team, how will you excel at building a company? Technology and design are great, but companies are the people that they are comprised of.

There's nothing wrong with being a solo founder because being one doesn't mean you can't build a good team. But you obviously have issues with team building, so I'd work on that first or found a company with someone who is actually good at it.

Re: Why I'll be a solo founder next time

#35
I like being a solo founder, only partly because I can't tolerate all the things listed in other people too. The main, unforeseen, problem is that while growth is not hard as a solo founder, you can quickly run out of time working on the businesses' present than anything for the businesses' future. Having other founders who can be diverted to things like funding, hiring, training, etc, is surely a huge boon, as being the day to day 'boss' but then suddenly adding one of those activities in is quite stressful :-)

Re: Why I'll be a solo founder next time

#37

You will be a solo founder next time because anyone who Googles you will realize you are the kind of moron who throws his former cofounders under the bus.

Sorry if it came across like that. I myself was one of guys who wasn't committed enough in a previous startup.

Re: Why I'll be a solo founder next time

#38
post #19

Earlier quoted context omitted.

Almost all of these things apply to marriage as well, minus the bits about exit strategy. If you think committing to the same direction for 2-3 years is difficult, it's not time to get married yet!

A couple doesn't need to have the _same_ direction, they just need to have compatible ones. For example, a programmer married to a doctor. They have two different directions, but if the only real compatibility requirement is that they live in the same city, then seems fine.

> A couple doesn't need to have the _same_ direction, they just need to have compatible ones.

To the extent that its true, it equally true of partnerships (unsurprisingly, marriage really is a kind of partnership.) They direction must be the same within the scope of the partnership (profession is outside the scope of the partnership in marriage), and the direction outside the scope of partnership must be compatible with the shared direction within the scope of the partnership.

Re: Why I'll be a solo founder next time

#39
I have yet to find a single formulaic way for founders of a business to succeed.

That being said, these are my own findings/thoughts:

- Companies with 1 + n cofounders tend to be more successful

- Working (in a commercial manner) previously to the startup helps massively. You learn a lot about people's business behaviors when you actually work with them (business and personal relationships can be very different)

- Finding a good co-founding experience on your first time is extremely difficult

- Experience with project management (and more specifically stakeholder management) is very valuable

- No more how much you read about startup stories, nothing can prepare you for the experience of a business partner relationship. It's just like dating - it's all about communication and compromise.

- I like the Hustler (CEO), Hacker (CTO), Hippie (CXO) setup for internet based startups. It also helps when each one has a experience with each other roles.

Re: Why I'll be a solo founder next time

#40

I'm a single founder and can only say the experience is rather grinding. I'm all up for the "If you don't help, at least don't get in the way" motto. I decided to pursue my current venture without a cofounder precisaly because I didn't find enough people that had both the skills and (understandably) the willingness to quit their nice paying jobs. For me, it doesn't really make sense to have people aboard unless they…

I agree that it is exhausting. I'm 2 months into a solo founded startup and the mental fatigue is not what I expected. Reflecting on it now, it certainly makes sense, but I just didn't know that it can be so taxing.

I've told myself that if I make it to a next round of funding I need to find a partner stat.

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