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by tchock23
4109 days ago
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I help out as a mentor at an accelerator in upstate NY. Unfortunately, we see solo founders rushing to find a co-founder just to go through accelerator programs. I wish your reply was shared widely with anyone applying to any accelerator anywhere... |
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What investors tend to leave out here is a real incentive for them, as a class. It's far easier to fire a founder if there's two. If there's two, it's often easy to make them turn on each other if they want one forced out. Forcing one of 2 out tends to be much less frowned upon, than kicking out the sole founding CEO and replacing him with outside management. Having 2 cofounders is big leverage for keeping the founders in line.