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Is YC right about solo founders?

5 pointsby nishankkhannaabout 11 years ago

2 comments

danelectroabout 11 years ago
I started my company single-handedly even though people said it couldn&#x27;t be done.<p>It&#x27;s a scientific laboratory where I needed to continue a tradition of building labs, in this case assaying international petro&#x2F;chemical commodities in a more reliable high-stakes way than well-funded research labs of major multinationals can usually come up with. And they are using teams led by chemists or engineers having advanced degrees which I do not have.<p>I always took comfort that I was making more scientific progress than I would have been able to make If I had a PhD at Exxon, Shell, DuPont, or places like that. Plus I own my own technology.<p>I did not want to stay by myself, I started to build a staff but the business was ruined by natural disaster, then I was back on my own like I was the first few years. I decided not to give up completely, only give up on expansion which would have required capital anyway, so I just worked in the ruins ever since, developed techniques to profit far more per job than the competition, and the best years eventually came. That is how I completed the survival process then.<p>There was no initial sign that it was sustainable, but on my own again I never had any turnover like there was at my employers where my operational advantages occasionally had escaped the lab and been adopted by commercial competitors worldwide. So I have been fearless ever since, eventually inventing something new every day.<p>Later, what really hurt was a death in the family where I had to leave town for too long a time.<p>In a one-man business, if you are not there, there is usually no money being made.<p>Now I plan to make a comeback starting with just me again, but I&#x27;ve seen this coming, and over the last few years have identified members for an awesome team whose trust has now been well established, and can tap them individually as needed.<p>It&#x27;s not easy but you can do it, as long as you are capable of outperforming an actual team whenever needed.
coreymgilmoreabout 11 years ago
Solo&#x27;s definitely have a chance. For questions, please ask Henry Ford, Dell, or most small businesses.<p>Startups are with out a doubt a lot of work. That being said, with good time management skills and a lot of drive single person can be successful. Plus, less founders equals less splitting of the company ownership!