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Being a solo founder means you start out owning 100% of the company, instead of 50%, or 33% if you have 3 co-founders. At my company, this means on average emp
by cj 4y ago
Being a solo founder means you start out owning 100% of the company, instead of 50%, or 33% if you have 3 co-founders.
At my company, this means on average employees receive double the average equity given by other startups because there's more of it available to be shared.
As a solo founder, once you get past the initial hurdles of building the MVP, etc, and enter scale/growth mode, I highly recommend finding and hiring a COO. A good CEO/COO relationship is essentially the same as a founder/founder relationship.