42 ms·
Survivorship bias. What we don't see is the total proportion of failed startups. If 95% of solo-founded startups fail outright before raising any venture capit
by keithwhor 8y ago
Survivorship bias. What we don't see is the total proportion of failed startups.
If 95% of solo-founded startups fail outright before raising any venture capital, but only 80% of co-founded startups do, these numbers don't really mean anything -- you're better off finding a co-founder in terms of raw career success and entrepreneurial potential.
The only relevant information here is that once startups have gone through some sort of basic fundraising filter, solo-founded startups are more common than not. I would hazard a guess that there are a lot more solo-founded startups at the top of the funnel than in stage two. Let's see attrition rates at each stage (Founded, Angel, Seed, Series A, Series B, [...], Exit).
(That said: I generally agree with the statement that you don't need a co-founder. If you have the ability to execute, build and let a co-founder "find you" if necessary.)
- brianwawok 8y agoIt doesn't matter. You shouldn't pick FOR YOU what works ON AVERAGE. Say on AVERAGE 50% of 2-man startups win, but only 10% of 1-man startups win. And you are anti-social. YOUR personal win rate may well be higher as a 1-man startup, averages be damned. Averages are cool to think about a problem. But know yourself. Your correct choice may not be the average best choice. (That said I started solo and roped in my wife when I needed some gaps filled, but that was a good path for my style. I do not suggest it as a general path others should take).