Cofounders are not great anyways of either type. If you are a business person, learn the tech stuff you need. It's easier today than ever. If you are a tech founder, it's even easier to pick up business stuff than tech stuff.
Investors always encourage it because it reduces their risk... One of you can be fired and they still have the backup. But when it is all on you there is no passing the buck.
Source: solo bootstrapped founder of a company earning $1,200,000 a month for the last sixteen years.
> Investors always encourage it because it reduces their risk... One of you can be fired and they still have the backup. But when it is all on you there is no passing the buck.
The reason is reduces their risk isn’t firing 1 cofounder, it’s that “When you want to go fast, go alone, when you go far, go together”. Building a business is tough. Most early stage startups fail because the founders simply burn out and give up. Having a buddy you can lean on helps. It also makes it easier to realize when you’re digging down the wrong hole and need to change strategy.
CoalitionTechnologies.com. We do services like web design and SEO. I personally built massive Laravel applications for recruiting and training and for running the business.
Investors always encourage it because it reduces their risk... One of you can be fired and they still have the backup. But when it is all on you there is no passing the buck.
Source: solo bootstrapped founder of a company earning $1,200,000 a month for the last sixteen years.