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Absolutely, DO NOT, get a co-founder!

112 pointsby BitGeekover 17 years ago
An oft lamented consern is the difficulty in finding a co-founder. Next to this is the regular discussion of what kind of founder to get, how to know you've got a good one... and all the possible problems that can happen when founders don't agree.<p>Well, I'm am old man at almost 40 and I've spent the last 18 years working for startups of less than 100 people, many of them successful, and almost all of them founded by more than one person-- and in almost all situations I knew at least one of the founders very well. <p>The number one thing that caused the unsuccessful companies to fail was fights between the co-founders. And the successful ones-- were ones where the co-founders were very harmonious, because they had worked together for <i>years</i> before founding the company (multiple instances of this.) Of course, there were also instances where co-founders had worked before and they still fought all the time.<p>A co-founder is not what you need, unless you already have one, and you have as good a relationship with them as the best relationship you've ever had with anyone in your life. If you KNOW you're not going to have a problem, then great.<p>But for most of you-- those who don't know others who are as entreprenurial or don't already know someone - and have known for quite awhile that they would be a good co-founder-- you should not get a cofounder.<p>I know that PG says you need a co-founder, but while his intentions are good he's slightly off the mark. Sure, its better to have more than one person in the company... and feel free to call your second thru fourth employees "co-founders" or give them "founders stock"... whatever.<p>But at the end of the day, if its your idea and you are the one who has decided to dedicate the next several years of your life to this project, then found the company and make everyone else who joins you an employee.<p>Employees can have good chunks of stock. But you gotta have the authority question out of the way. You have to be a good leader to run a company... and getting people in you don't know too well works much better when you both know they are employees (Even if they are called founders or whatever, how about "founding team" or "founding employees".) <p>Its better for you to have the ultimate say and make a few wrong decisions, than for you and your co-founders to be fighting.<p>Nobody will ever have as much passion for the idea than the originator, and genuinely visionary people understand their idea on a level and in a context that nobody else will ever... thus you have to lead. <p>Next to Venture Capitalist (who force companies to misallocate funds or go after longshots and abandon sure things), co-founders are the biggest reason companies fail. And actually its even worse- when you have co-founders VCs like to get involved and start manipulating things. <p>Every time I've seen one founder pushed out or marginalized in favor of other founders by the VC firm, the company has not lasted 9 months after that. <p>For an example of the success of a single founder with founderr employees--look at Amazon.com. Bezos is clearly the founder, and he got engineers in early, they got good stock, but they knew what they were. The company would be much different if these employees had thought they were equal with the guy who had the vision.<p>So, those who are desperately seeking a co-founder.... stop... employees are much easier to find anyway. And you can find ones who will take stock as compensation. (Just don't be stingy-- I once was in talks with a company who was building out the founding team and offered me %1 stock plus a serious pay cut... I turned them down-- why take the real risk of a pay cut when there's no equity upside?)<p>Anyway... think about it-- and don't be held up waiting for that founder... start pressing forward without one and when you need to build your team, bring people on who are ready to follow you... and when their egos are not involved, things will go much better.<p>

25 comments

pgover 17 years ago
The fact that most plane crashes are due to engine failure doesn't mean planes shouldn't have engines.<p>All you have to do is look at the empirical evidence. Successful single-founder startups are so rare that they're famous on that account. <p>I'm not saying that having a cofounder is so important that you should take someone lame, or someone you don't know well. Maybe if you can't find a cofounder you're just screwed; I don't have enough data yet to say for sure. But someone going into a startup as a single founder should be aware they're doing something that, for whatever reason, rarely works.
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BrandonMover 17 years ago
I like the case you're making here, which mainly seems to be that if you're waiting around on a cofounder, you're trying to solve the wrong problem. Unless you already have a potential cofounder in mind, you may be opening yourself to other problems by trying to find one (delaying the project, working with someone who turns out to be not as good as hoped, etc.). So I have to agree that your advice to just start working anyways seems quite good.<p>That said, just tonight I was able to see what value a cofounder can have in a simple programming project for a class. I had an idea for a project, and he already had some ideas for how we could go about doing it (various machine vision algorithms). We then bounced various ideas off each other, came up with a good interface, argued a little bit about some small details, and came up with a good, shared-effort approach to tackle the problem at hand.<p>Having a "cofounder" in this case already has proven to have a few worthwhile benefits:<p>1. Shared knowledge leads to less time necessary in research<p>2. Ability to think out loud to someone besides yourself or a pet<p>3. Having to work with someone forces you to come up with decent interfaces for the pieces of code, leading to more modular, maintainable code than if you just jumped in single-handedly.<p>4. The work is shared (duh :-)<p>5. If I don't feel like working on the code the day before our planned meeting, that's too bad. I'm still going to have to do it or look like an ass the next day.<p>Maybe point number 5 is the biggest one. Inevitably, there will be stupid little stuff which is part of the project that you just don't want to do. Having someone to face at the end of the day may just be that little bit of extra motivation you need.<p>Of course, it's still possible to do much of this stuff on your own. Being able to leverage open source libraries helps with 1 and 4, so if you can handle 2 3 and 5 on your own, then you can probably do it without a cofounder.
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piusover 17 years ago
In my (truly) humble opinion, co-founders are overrated, especially by this crowd. The value of an inner circle of talented and trustworthy first employees, on the other hand, can't be overestimated.
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BitGeekover 17 years ago
My title gave a little bit the wrong impression-- it sounds like I'm saying that cofounders are bad. I'm not.<p>What I mean is, if you don't already have a cofounder, don't get one. You don't need one. <p>If you find someone, then maybe that's great... but understand the risks. <p>But you should never go get one because you think you need one... that's a recipe for failure.
Lockheedover 17 years ago
Absolutely, DO NOT, get a co-founder for the sake of getting a co-founder.
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gigamonover 17 years ago
BitGeek:<p>Your post is simply amazing. I couldn't agree more. Having multiple co-Founders does not guarantee success but also does not guarantee failure. But if a startup with multiple co-Founders were to somehow become successful, it is still very difficult for it to grow beyond the bootstrapping stage. I actually have one chapter planned for my on-line book to be entitled "Middle Management Gone Wild" which is what happens to the later stage of a successful startup with multiple co-Founders. It is the same difficulty that a hunting party would have growing into a village.<p>Thanks again.<p>--Denny--<p>Denny K Miu<p><a href="http://www.startupforless.com" rel="nofollow">http://www.startupforless.com</a><p><p>
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jetpackover 17 years ago
I'm really on the fence about this because both arguments have truth to them. If you look at many successful companies, they were often founded by two people. However you'll also find that usually one of the founders leaves eventually (usually after a short while compared to overall lifetime of the company), and the other stays to run the company.<p>I can give a whole bunch of examples. Apple: Steve Jobs and Steve Wozniak. Microsoft: Bill Gates and Paul Allen. Valve: Gabe Newell and Mike Harrington. Id Software: John Carmack and John Romero. People split for various reasons, sometimes due to disagreements. Sometimes personal reasons or change of interests. In the end most companies seem to end up being run by one person whether or not they were founded by more than one.<p>There are also successful companies that were founded by one person, like Dell and Amazon. So to me it seems that statistically speaking eventually you'll split up and one of you will have to leave the company.<p>Ultimately it seems that the co-founder issue is mostly an issue of initial mutual support. It's tough to go through the early stages on your own, and having someone to share the workload with and get moral support from increases your chances of success. But it can only truly work in the long term if you decide <i>at the beginning</i> that one of you will be the president and have the final word in major decisions. Otherwise it's a recipe for trouble down the road.
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sspencerover 17 years ago
I kind of wonder if there is a middle ground. There are two different posts on the front page right now: one deriding the idea of co-founders and one from someone desperately seeking a co-founder. <p>My (worthless) advice is to let it happen naturally. Neither seek out a co-founder nor refuse co-founders who approach you. Just try to make friends with similar people who are interested in startups. Talk about ideas. It definitely helps if you have known these people for a while before starting a business with one. I can't even imagine going in on a business venture with a total stranger.
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senthilover 17 years ago
RailsFactory is a Ruby on Rails development shop based in Chennai, India.<p>when you are a very small startup, and self funded, you just need to make 2-3 bad moves to go into bankruptcy and closure.<p>Startups have its Eureka moments and frustrating times<p>I consider myself more of a visionary than a implementer, I get into high energy mode in short bursts, but my partner keeps our company sane.<p>I find my co-Founder a great stress buster for me.
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germanover 17 years ago
That's a good point but besides fighting, having at least one co-founder is a great deal (if he/she is a close friend). I'm telling this because a lot of startups change their business ideas several times, and sometimes your vision is not the right one.<p>There's one big issue here, if an employee tells you that your company will be better doing X instead of Y is totally your decision, it can be right or wrong but that employee will never talk to you about that idea again.<p>Sure, you can have a lot of discussions with your co-founders, but having a combined vision of the project helps a lot.<p>In my case, having one of my best friends as a co-founder is the best thing that ever happened to me.
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edw519over 17 years ago
I have been desperately looking for a co-founder who thinks just like me and now that I've read this post, my search is over!<p>&#60;on knees&#62;<p>BitGeek, will you be my co-founder?<p>&#60;/on knees&#62;
tlrobinsonover 17 years ago
I mostly agree with this, except I also think it's pretty important to have at least one other co-founder... but it's even more important for you to be able to trust and work well with those co-founder(s).<p>Going out and finding some random dude that you don't know or trust to be a co-founder for the sake of having a co-founder seems like a huge gamble and just a bad idea.
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brettover 17 years ago
<a href="http://blogger.com" rel="nofollow">http://blogger.com</a>
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richiover 17 years ago
not having a cofounder can be used as an excuse for not starting anything at all. it's probably better to start and take action. that might be the best strategy to attract the right cofounder anyway.
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BitGeekover 17 years ago
For instance, look at plentyoffish.com<p>Not only did this guy not get a cofounder, he has never gotten any employees. He's making millions by himself, a total solo effort.<p>In fact there area lot of examples out there of people doing this... many of them are of the professional blogging/seo/domainer variety. What people on here would deride as "lifestyle businesses" (Personally I don't think you get to deride someone's choices until you've done better than them.) <p>But further, there's a whole movement of "micro-isvs" - a poor term as it came from someone with a microsoft perspective-- but these are people who make software themselves and sell it. Many of these businesses are on their way to becoming large enterprises. Omni Group is an example of one that's had several years, but Delicious Monster is one that's only been at it a few years- very successful, good number of employees now, single founder. And of course there's scores more.<p>You know, what we really need is a version of TechCrunch- but one that covers these non-VC backed startups- the companies that won't get coverage in TechCrunch because they are not following the latest fad and burning money on lavish parties to invite Michael Arrington to. For all the little companies you never heard of on TecCrunch there are other little companies who are going to be more successful ... but are under the radar now. I think this is what leads to a distorted perspective of the startup landscape.
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myoung8over 17 years ago
Just because there's an example of a single co-founder company succeeding doesn't make your hypothesis true.<p>Statistically, it seems that multiple founders correlates more highly with success than single founders.<p>Perhaps there's an underlying reason that the companies you've worked with have failed when there were multiple founders (e.g. personality clashes, inability to resolve disputes, etc.).
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aceregenover 17 years ago
If you want to start something, and nobody is interested in your idea or you can't find anyone good enough - Just start it alone.<p>If you have an idea, and you know a fellow co-founder that's interested in starting up - Just start it with him and work together.<p>Bottom line: Instead of thinking about the non-essential stuff- Just get the first prototype up even if it might mean doing it yourself. <p>Any school of thoughts that places restrictions on an ideal founding team size is crap. The debate that advocates an optimum team size is no different from saying that man cannot complete a mile in under 4 minutes. <p>Work with what you have, not what you don't have.
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ctkeeneover 17 years ago
I think you are confusing founders with leaders. Companies do not need multiple leaders. Just like teams, however, they do need multiple players, each providing different skills.
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mikesabatover 17 years ago
Fighting with other founders is the absolute worst thing in the world.<p>Don't get a cofounder because you think he/she will do all the work that you don't want to do.
staunchover 17 years ago
The title doesn't match the content. A more accurate title would be "Absolutely, DO NOT, get a bad co-founder!"
rmsover 17 years ago
&#62;A co-founder is not what you need, unless you already have one, and you have as good a relationship with them as the best relationship you've ever had with anyone in your life.<p>My co-founder and I work incredibly well together as complements, what we are doing would not work if it was just one of us starting.
webwrightover 17 years ago
Man. Makes me want to create a satire post titled:<p>Absolutely, DO NOT, get married!<p>This is an argument for being VERY careful about your co-founder and having good agreements in place when disagreements occur.
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chaostheoryover 17 years ago
i think the title is misleading.<p>"Sure, its better to have more than one person in the company... and feel free to call your second thru fourth employees 'co-founders' or give them 'founders stock'... whatever."<p>it's alright to have co-founders as long as everyone agrees that at the end of the day one co-founder has the final say no matter what, though I don't think it's necessary to be disparaging and think of them as just "employees"...
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caveman82over 17 years ago
Great article, will you be my co-founder?
augustusover 17 years ago
Great article. I see your point.