To founders in entrepreneurship.
The old saying goes, “two heads are better than one”
If you have spent time in the startup world, investors will always ask about the founding team. The background on the founders (plural) is always critical
Many investors plainly say they don’t invest in ideas, they invest in teams.
Without a team you are sunk right?
“If you want to go fast go alone. If you want to go far, go together”
While not one to challenge proverbs, this may not tell the whole story in entrepreneurship.
I found the research interesting, especially as a solo founder.
Some reasons that a solo founder may be better:
1. You have to be pretty darn confident to found a company solo
2. Decision making goes faster
3. No one to worry about if you made the wrong decision, just change
4. Clear vision and direction
5. Knows that they need to hire/build a strong team fast to fill gaps
6. Open to rely on others, because there just isn’t enough time
It may not all be a perfect science, but worth consideration.
If nothing else:
– If you are an investor, don’t write off solo founders
– If you are a solo founder, start. Go. Stop looking for cofounders.