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Hope you're as well as can be expected given the circumstances. > Being single founder has it's merit, but when things go south with your health or anything pe
by louisswiss 7y ago
Hope you're as well as can be expected given the circumstances.
> Being single founder has it's merit, but when things go south with your health or anything personal; you'll loose your company.
I've been a solo and co-founder before.
Yes, in the early days you can't afford to hire staff. It's all on you as a solo founder and the risk (incl. burnout) is high.
But, as soon as the company is doing ok, you can and should hire an employee to shoulder some of the responsibilities a cofounder would otherwise take on.
Just because their compensation is weighted more towards cash than equity doesn't mean they can't be just as effective.
- Abishek_Muthian 7y agoI'm getting better, thanks. >as soon as the company is doing ok, you can and should hire an employee to shoulder some of the responsibilities a cofounder I agree, it's hard to pull off once we get accustomed to being a single founder (survivorship bias?). I built my company ground up from a former village in India with limited funds. I hired freshers and trained them personally to be developers. They all became good developers, but didn't become good managers (as I didn't train them for it) in-order to form a team which can shoulder responsibility. Once I got the hang of my company with current set up, I tried to focus more on building better product than to mitigate the risk of loosing company incase something happens to me; Unfortunately it did. Edit: pull of -> pull off