Breaking a myth: Data shows you donâ€™t actually need a co-founder
Jason Belich stashed this in anxiety
Best part of the article:
While the above data from CrunchBase suggests that itâ€™sÂ possibleÂ to raise money and secure an exit as a solo founder, that doesnâ€™t mean itâ€™s a fantastic idea. In my opinion, building a company with 2-3 co-founders is probably the way to go. What the data suggests, however, is thatÂ if you fail to get a co-founding team together, it doesnâ€™t necessarily mean all hope is gone.
Letâ€™s be frank: There is no denying that starting and running a startup is an extremely stressful endeavor. Having a team working together and challenging each other along the way means that the startup can be more than the sum of its parts. There is also a large amount of anecdotal evidence suggesting that a number of investors will reject solo founders by virtue of not having a bigger founding team, or be a lot less likely to invest without a robust team.
If the accelerators of the world are anything to go by, you shouldnâ€™t go build a companyÂ on your lonesome. Dave McClureÂ suggestsÂ that being accepted to theÂ 500 Startups accelerator is possible, but not common, while Paul Graham of Y Combinator goes so far as to suggest thatÂ solo-founded startups are the No. 1 one mistake that kills a startup. Which, incidentally, didnâ€™t stop Y CombinatorÂ and other top-shelf acceleratorsÂ fromÂ accepting a number of one-founder startups throughout the years, including some big success storiesÂ like Pebbleâ€™sÂ Eric MigicovskyÂ and Dropboxâ€™Â Drew HoustonÂ (though YCâ€™s Paul Graham eventually had Houston find a co-founder).