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you shouldn't care about the statistics of single founder success rates. If you have an absolutely dynamite, compelling idea and can communicate it your busine
by theprodigy 16y ago
you shouldn't care about the statistics of single founder success rates.
If you have an absolutely dynamite, compelling idea and can communicate it your business will get funded.
Investors do not discriminate against you just because you are solo. If your idea is good and you are solo they might play the entrepreneur match making game and introduce you to people that can assisst you.
- kfool 16y agoYou are wrong. They discriminate against you just because you are solo.
- pg 16y agoKfool is right. We probably have higher standards for single founders, and I know a lot of later stage investors are reluctant to fund them at all.
- robfitz 16y agoIs the bias still relevant? CBInsights says 37% of recent Seed & Series A goes to single founders (dual founders are 40%). Stats on slide 21: http://www.cbinsights.com/blog/venture-capital/venture-capital-human-capital-report http://www.cbinsights.com/blog/venture-capital/venture-capit...
- pg 16y agoI suspect those numbers include biotech, where single founder startups are more common because they're often spinoffs of research projects with a single principal investigator.
- asanwal 16y agoTo clarify, this first Venture Capital Human Capital report only covered Internet companies and does not include healthcare, greentech, etc which we expect to add over time along with longitudinal data. This first report only looked at founders of internet companies who raised their first round of institutional funding between January to June 2010. Hope that helps.