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by webwright
6694 days ago
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I think that's LOUSY 2 cents. Take the top 200 sites (by traffic) and show many how many have a single founder. The number to optimize is your chance of getting ANY payday- not your percentage of ownership. Would you trade 50% of your company to increase your chance of success from 2.1% to 4.2%? I have no idea what those numbers are (but I suspect that a co-founder more than doubles your shot at success)... But if you're more concerned with personal wealth than having a successful company, you're already a step behind. If you think you'll just run out and get some funding so you can "hire" a partner, you should consider that savvy investors are thinking one of two things: 1) This guy either isn't persuasive enough or doesn't have a good enough idea to get a co-founder, OR 2) This guy is jealously guarding his equity, when he could add 50 hours a week of free and passionate labor from someone with a (hopefully) complementary skillset OR 3) This guy isn't smart enough to know that he doesn't have all of the skills and answers to pull off v1 of this thing. |
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4) The guy is cautious because he has been burnt before. Every cofounder he has had has in previous ventures has either: failed to fully commit, failed to perform, reneged on their agreement, suffered personal tragedy, or died.
Just because someone doesn't have a co-founder doesn't mean that it must be 1, 2, or 3. Personally, I'm tired of hearing #1 - I've always thought it was without logic.
And don't forget - it's a lot easier to find co-founders when you're still in school with like minded people with time on their hands. Things get a lot tougher when your peers (if you can find any) have families and mortgages. Not being able to miss a paycheck is a tough hurdle to overcome.
Finding a co-founder is more like getting married than dating. I'd much rather be alone than be with the wrong person. I'll either find the right person or launch alone. In the meantime, I keep working.
If you have a good team, consider yourself very fortunate! You've already completed a hurdle that others struggle with through no fault of their own. So they keep on working and reaching out to groups like this. OP is looking for suggestions, not a diagnosis of what's wrong with him from a stranger.