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I co-founded a startup that lasted for 4 years. Once we wound that down I began doing side projects on my own or with another friend of mine. In the end I deci
by jmathai 13y ago
I co-founded a startup that lasted for 4 years. Once we wound that down I began doing side projects on my own or with another friend of mine.
In the end I decided that I'm better off going at it alone. Mainly because I had a hard time finding someone else to join me at the same commitment level (and that's with a side project).
So I quit my job and started to bootstrap as a solo founder (this time with a wife, two kids and single income --- mine). I brought on a co-founder about 6 months in to fill out a few gaps that I didn't have the experience or time to do myself. Not having enough revenue to pay them meant equity was the only collateral I could offer.
Fast forward 2 years and I can say that without a doubt, if I was a single founder I'd probably have thrown in the towel by now.
And my co-founder is remote! 1/2 way around the world. So as the post suggests, it's harder but I don't think it's impossible.
Obviously it depends on the individual and the business. All I can say is that the value my co-founder brought to the table was different than what I originally thought. The emotional support greatly outweighed what I thought I was bringing him on board for.
If I had picked the wrong co-founder it would have been much worse than not having one at all.