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This is pretty bad article because it focuses on # of funded startups, not # of attempted startups. What if 99.999% of startups attempted were attempted by sol
by _lex 10y ago
This is pretty bad article because it focuses on # of funded startups, not # of attempted startups. What if 99.999% of startups attempted were attempted by solo founders? It would make you expect that the # of funded startups should also tilt towards solo founders - if all other odds were even, you'd expect 99.999% of funded startups to be solo founders, and it would not mean much.
- brianwawok 10y agoIs the goal to get funded is the goal to succeed? Success is the metric you want to measure, which is usually exit if not profitability.
- jeremyjh 10y agoIt doesn't matter which success metric is used, the point still stands. If you only measure the ratio of solo-founder companies that are successful, you haven't measured anything at all about how likely a solo-founder company is to succeed. We need to know how many of each type failed as well.
- brianwawok 10y agoYes and no. This is not scientifically sound without the full data, you are right. But I don't think that is the point. If you had all the data and parsed it.. and it told you that as a solo founder you had a 21% chance to exit, and as a group founder you had a 23% chance to exit.. so should you do a group founding as your next project despite not knowing anyone to found with? I don't think it works like that. Some people naturally do better solo. Some people already have a group on a hot idea. I think you should go with what is working. What the point of this story is, in my mind, is to say "look - a lot of articles say solo founders are bad. Here is some data that it isn't that bad, and perhaps solo founding is a valid way to run a business"