Starting up is hard. It is a long journey, a stressful one, with many uncertainties. But, there is one question that we often come across – What is best? a startup with a single founder or one with two founders? So, here is what the successful founders have to say.
As per Drew Houston, CEO and co-founder of Dropbox, it is better to have a co-founder. He has a good analogy for one founder vs two founders. He says that “it is possible to raise a child as a single parent, but vastly more challenging and personally taxing to get the same outcome. Not only that, but in this case you’re effectively competing against conventional teams that have more than one founder. Startups are risky enough — why start with such a tremendous handicap?”
Tim Westergren, who founded Pandora, says “Don’t do it alone.” The management demands of a startup quickly exceed the capacity of one person. And when you inevitably need help, you want someone who has the “owner” mentality.
He advises not to make the mistake of being stingy with ownership share. He suggests to find partners, and most importantly suggests to treat them as such. He said that he founded Pandora with two other guys (Jon Kraft and Will Glaser), and added that “without either of them there’d be no Pandora. Period.”
Paul Graham, co-founder of Y Combinator, is also on the side of a team of co-founders. He said,
“Starting a startup is too hard for one person. You need colleagues to brainstorm with, to talk you out of stupid decisions, and to cheer you up when things go wrong.”
Piotr Zaniewicz, who is running a 70+ members team at RightHello, says that it is not a question of one founder vs two. The situation may require more people to have a chance at fully developing your busienss. He adds that a co-founder has got your back and you can’t put a price on that. That’s the one person that will always tell you if you’re wrong. Because he cares as much as you do. He said – With support from other fully dedicated people, it’s harder to drop the ball.
The article contains excerpts taken from answers given on Quora. If you are interested, check the thread here.