Tech for Non-Techies 239. Do you really need a co-founder?
Do you really need a co-founder? There's intense pressure in the startup world to find co-founders, but the data tells a surprising story.
MIT research shows that solo founders are actually more than twice as likely to succeed compared to teams, while Harvard research reveals that 65% of high-potential startups fail due to co-founder conflict.
In this episode, you'll learn how to make the right decision about co-founders for your business, based on data rather than pressure.
Listen to learn:
- Why the "you must have a co-founder" narrative persists despite evidence showing solo founders often succeed
- What successful solo founders like Jeff Bezos, Sara Blakely, and Mailchimp founder Ben Chestnut did differently
- How to evaluate if you really need a co-founder for your specific business
- A practical framework for finding and testing potential co-founders if you decide you want one
Whether you're a founder feeling pressured to find a co-founder, or an investor evaluating solo vs. co-founded companies, this episode will transform how you think about startup leadership and team building.
Learn why it's better to be a successful single parent than stuck in a toxic marriage when it comes to your business.
Resources mentioned in this episode:
- MIT Sloan: 2 founders are not always better than 1
- The Founder's Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup, by Harvard Business School professor Noam Wasserman
For the transcript, go to: https://www.techfornontechies.co/blog/do-you-really-need-a-co-founder
Timestamps
00:00 Introduction
03:06 The Co-Founder Relationship
06:00 Risks of Rushing into Co-Founding
08:52 Data-Driven Insights
12:12 Conflict and Co-Founders
15:08 When Co-Founders Make Sense
18:05 Evaluating Potential Co-Founders
20:58 Alternatives to Co-Founders
23:47 Testing Before Commitment
27:09 Focus on Success, Not Pressure
For more career & tech lessons, subscribe to Tech for Non-Techies on:
FREE Course: 5 Tech Concepts Every Business Leader Needs To Know Growth Through Innovation
If your organisation wants to drive revenue through innovation, book a call with us here.
Our workshops and innovation strategies have helped Constellation Brands, the Royal Bank of Canada and Oxford University.