If you’ve read a few posts on this blog before, you’ve probably already heard of my co-founder multiple times. I have worked with him for about a decade now and while sometimes it has been a challenging and bumpy ride, it has been rewarding in the end.
I’ve mentioned him quite a few times here because my stories would be incomplete without mentioning him. Because he had a role to play in every one of those stories and in building each one of those businesses with me.
Startups are hard and exhausting. Sometimes you’re gonna hate yourself for even wanting to try to run one and you’re always going to need someone who can take control while you’re going through the burn-out phase.
Each individual founder also brings unique skills and vision to the company which can be great.
YC funds less than 10% companies with solo-founders. They encourage you to have co-founders and even often offer matchmaking. I believe in the power of co-founders.
That said, there are many successful companies built by solo founders. One of the largest companies in the world, Amazon, was founded by solo founder Jeff Bezos. It’s also how he became the richest man in the world by having higher equity in the business. So going solo can make you really wealthy if you’re smart like Jeff.
But to be Jeff, or any other solo founder like him, you need to have super powers, which if you believe you don’t have, I encourage you to find a co-founder.
Just make sure your co-founder has these three attributes
Intelligence, energy, and integrity. And if they don’t have the last one, don’t even bother with the first two.Warren Buffett