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by bachback 4670 days ago
Solo founders are rare for a reason. If you just hire people to do a job, why would the most talented people work for you? Doesn't make much sense in most cases if the founder has not already a lot of capital. I would say increasing the odds of success is much more valuable than getting a higher payout in the success case (expected value = chance * payout).

On the other hand, it is hard to find the people who have very similar goals.

1 comments

Talented people are also attracted to working on something they're passionate about and having the freedom to execute on that passion. :)

And not all businesses needs to be set up purely as a vehicle to an exit. Many businesses can instead operate as "lifestyle businesses" and earn great revenues / profits for years to come.