Having Co-founders Is Valuable But Not Crucial

Re:Having Co-founders Is Valuable But Not Crucial by icey on Thursday November 05, 2009 @08:41AM (#923776)

With regards to the "bozo" thing - I read it a little differently. I took it to mean that anyone can be committed to their own crazy idea; but when you are able to talk someone else into being committed to it, it acts as a kind of validation of the idea. So, that makes it a handy litmus test for investors to use since you've already convinced at least one other person that it's a good idea.

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Re:Having Co-founders Is Valuable But Not Crucial by edw519 on Thursday November 05, 2009 @09:38AM (#923847)

...when you are able to talk someone else into being committed to it, it acts as a kind of validation of the idea.

I've heard this argument before, but I don't buy it. All it really proves is that group think is alive and well.

Two classic counter-examples:

1. I can come up with the most ridiculous idea in the world and still find someone who I could convince of anything.

2. I can come up with the best idea in the world and still not be able to convince anyone to join me, but be able to convince many people to buy it.

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Re:Having Co-founders Is Valuable But Not Crucial by alain94040 on Thursday November 05, 2009 @03:13PM (#924654)

I disagree with your characterization.

Have you ever tried to convince someone to join a truly ridiculous idea? You'd be surprised. People aren't that stupid. We are talking about someone joining as a co-founder. Therefore, that person has some basic notion of what a co-founder is, what a startup looks like, etc. We are not talking about finding a random person on the street who'll give you a quote "great idea".

For the best idea in the world, I also challenge you not to find anyone who believes in it.

Now, to be practical rather than extreme, my experience shows me that having co-founders brings a lot of value during the brainstorming phase. Although I like to think of myself as very smart - I could figure out everything on my own, right? Co-founders bring balance. Once in a while, I have a crazy idea that deserves to be killed. But I'm crazy enough that on my own, I might do it. With co-founders, you get very quick reality check.

The secret is to find co-founders who share your vision 90% of the time, and help keep you on the right track the 10% when you are wrong.

If you don't share the vision with your co-founders and can't even agree 50% of the time, then you are correct: it will be a waste of your time, arguing endlessly about trivial stuff.

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Re:Having Co-founders Is Valuable But Not Crucial by padmapper on Thursday November 05, 2009 @06:35PM (#925068)

I think your 90% vs. 50% characterization is spot on. I once tried to found a company with someone who has fairly fundamentally different views on many things, thinking it would balance my crazy ideas out with an alternate viewpoint, but we just ended up fighting about trivialities, and could barely get anything done.

I think close to 100% is ideal, as long as noone is being a yes-man.

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Re:Having Co-founders Is Valuable But Not Crucial by icey on Thursday November 05, 2009 @11:09AM (#924037)

I don't think this is really a black-and-white sort of situation. I only meant that it becomes an indicator for investors to quickly decide what it is that they're looking at. Solo founder, no customers? Probably weaker than a group of founders with no customers or a solo founder with customers.

For whatever it's worth, I don't think that it makes that much difference to success; but I do think it makes a difference in your chances of getting funded. I don't see those two things as necessarily related.

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Re:Having Co-founders Is Valuable But Not Crucial by Eliezer on Thursday November 05, 2009 @12:23PM (#924216)

The question isn't whether you buy the argument, it's whether VCs buy the argument.

I'm sure they don't - I mean, who's ever accused VCs of groupthink?

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Re:Having Co-founders Is Valuable But Not Crucial by authentic on Friday November 06, 2009 @01:33AM (#925581)

corollary: admitting to yourself that your idea has been wrong and requires change is much easier and thus more likely to happen than making a team of cofounders radically change course.

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