The only conclusion he draws in this article is not to take on a third founder immediately, everything else is just numbers and showing what happens in the typi

The only conclusion he draws in this article is not to take on a third founder immediately, everything else is just numbers and showing what happens in the typical acquisitions all the way out to the extremes. He's not advocating single founder startups, stop the pointless arguments. The most interesting part: "if you raise a third round (or even a fourth), that pushes the needed sale price up further. If you're at 10% founder share with two co-founders, you'd need a $100M exit to get your $5M." Yikes.