Does it then make sense to bring on board a sub-optimal co-founder, one whose skill sets may be similar to yours, and who may not share that close a friendship or history with you, and whom you cannot blindly trust?
Does it then make sense to bring on board a sub-optimal co-founder, one whose skill sets may be similar to yours, and who may not share that close a friendship or history with you, and whom you cannot blindly trust?
I don't have an obvious solution to this problem. Looks like pushing forward alone (w/ a few odd employees) is the most likely option.
Also, it's not immediately clear to me that I would have been better off with a co-founder. There are so many value and design decisions to make early on that need to be established, and being able to make those fairly quickly and push forward with the bulk of the effort (first development, now sales) I think was a good position to be in.
That said, it is considerably easier to get in a funk as a single founder working longer hours than anyone else, constantly pushing forward without any discernible support. Having a girlfriend helped me with part of this for awhile -- although I had somewhat minimized working hours because of her, I also avoided any major "slump" periods.
Also, tracking all progress (lines of code written, tickets closed, commits, user adoption) has been great since I have weekly metrics that I'm always seeking to achieve. I think that's been the best way to keep me focused, and also to direct my focus at the most important goal at any given moment.
Also I still have lots of equity to give away -- if anyone reading this wants any, please let me know ;)
Actually, the breaking point was when the "co-founder" I found told me on the day after I arrived in Berlin to work on the project full time that he wouldn't be able to join in. In this case, he had a totally legit reason (his wife was in the hospital with cancer), but it was probably the case that aligning things as far as a "co-founder" was never necessary from the beginning. Either way, it was a bit catastrophic mentally for me for a couple weeks, toying with merging with a different startup in the same space instead of going full stop ahead on my own. Even now loneliness sometimes takes its toll.
Thankfully, in the end I spent a lot more time on product than worrying about finding a new co-founder, and we have a pretty d* good product now and 30% growth across our KPIs for the last two months. Not really a lot of cash in the bank account, but hell, this is Europe and investors like to sit on their money instead of invest it.
But its still a good idea to encourage founders to have a co-founder. They may not listen, but it might be the extra nudge they need.
> That said, it is considerably easier to get in a funk as a single founder working longer hours than anyone else, constantly pushing forward without any discernible support.
Yes. Interestingly enough, I've found that when I get in a 'coding funk', switching to sales mode is a nice way to 'unfunk'. Instead of writing code, I write emails, reach out to existing users, and foster relationships with potential future users. Not only is it nice to interact with people, it is just as important as writing code and something that has to be done at some point. So why not do it while taking a break from coding?
Plus, confounding a company together is hard, being a single founder is harder, but I think bringing a second founder in later is the hardest maneuver of them all.
You will resent the decisions he makes concerning your baby without your history in the project. He will resent the lack of immediate trust and freedom.
I don't say this to discourage having a cofounder that you think is a perfect fit. That would be my #1 choice of course. But being a single founder is worlds preferable to having a cofounder setup that goes sour.
I've one friend who I could do co-found with, but he wants to move to another country and work for an infosec company and won't have any spare time then, nor has the risk-taking ability that's required. Well, because otherwise he'd stay from start to finish of the product and not hunt down his the career-path as fast as possible.
This is very true. It is really difficult to find someone with all those qualities and also be as passionate as you are on that idea or gets the true vision. I feel it would be best to not rush into getting a co-founder for VCs / incubators' sake but to just keep a door open for when you do find someone. Till then, do not stop or doubt.
It's okay to postpone starting a startup, but if you want to say that you're started and get funded, then you have to show that you won't even consider a possibility of postponing growth for reasons you can avoid.
These scenarios are comparable both on 'ability to build stuff faster than 1 person' and 'demonstrated ability to build a team' scales.