Breaking a myth: Data shows you don’t actually need a co-founder

Re:Breaking a myth: Data shows you don’t actually need a co-... by charlesdm on Saturday August 27, 2016 @06:06AM (#12371752)

> Since then, I've managed my own single-founder startup. We're profitable, growing, and valued at about $2.2 million. We're implementing a lot more over the course of this year and next, and I will look to exit in early 2018, once our valuation is closer to the $10 million or $20 million range.

Did you raise any capital on that one? Or was it bootstrapped + growing?

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Re:Breaking a myth: Data shows you don’t actually need a co-... by throwaway7312 on Friday September 09, 2016 @12:41PM (#12463842)

We've taken no capital. After the experience of losing control of the cofounded businesses, the last thing I wanted was to bring in investors who'd be staring over my shoulder or telling me what to do.

I'd be open to taking capital on a future project, simply because I'm experienced enough now to know what our upside is and what percentage and how much control I'd be comfortable parting with, and for how much. On this present project, I haven't even bothered to explore it, because we have our trajectory over the next 1.5 years mapped out and everything we want to do we can pay for with profits already, so there's not a lot of incentive to take months off from driving the business forward to go shopping around for investors instead.

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