Among other results, they found that solo founders were 55 percent less likely to dissolve their businesses than teams of three, and that for-profit ventures founded by lone entrepreneurs were about 2.5 times more likely to survive than team-founded ones. Studies have found that 23% of new ventures failed because the team wasn’t right. So, they are hiring dedicated development teams to win the business. Here’s why dedicated development teams work best for the startups - https://nuvento.com/blog/why-dedicated-it-teams-work-best-fo...
Interestingly this study shows the opposite. “In their recent working paper ‘Sole Survivors: Solo Ventures Versus Founding Teams,’ Greenberg and Mollick show that ‘companies started by solo founders survive longer than those started by teams.’”