If it's your idea and your vision, why not build the prototype, get some traction, then bring on a talented employee for 5% equity? Much better than 50% with someone you met at a "find a tech-cofounder" event
If it's your idea and your vision, why not build the prototype, get some traction, then bring on a talented employee for 5% equity? Much better than 50% with someone you met at a "find a tech-cofounder" event
I think the classic mistake startups make is the duo where ones "business" and ones "technical" and the engineer ends up spending all this time building the product and the business while the business guy takes the CEO spot and controls something he doesn't understand. (assuming it's a technical business, if it's a non-technical business like a sport drink then a business guy for CEO makes sense, as sales are step key operational effort)
My opinion: two or more founders who are really invested and work well together > single founder > forced cofounder relationship. I say this as a single founder.
The hardest thing about being a single founder is cognitive load. I don't necessarily mean time. There are usually enough hours, but switching between at least five hats really strains the brain. It can also be hard to maintain energy. I find groups with other founders and working in a good startup oriented coworking space very helpful.
I agree with your priority- a pair of fully dedicated good founders is ideal.