Maybe not…
In his book Super Founders: What Data Reveals About Billion-Dollar Startups, entrepreneur and investor Ali Tamaseb wrote that roughly 20 percent of unicorn companies had a solo founder and no domain expertise.
Are VCs to blame for the founder conundrum? It was found that entrepreneurs too often plan their startup strategy around investors’ expectations, including whether to have a co-founder or not.
Going solo doesn’t also mean going alone. For solopreneurs, your first employees, collaborators and benefactors can offer valuable resources, ideas and support without requiring you to give up any control or equity in your business. As a solopreneur, you have full control of decision-making in the company and you are also incurring fewer costs.
A study by CrunchBase also showed that single-founder startups are 20 percent more likely to successfully exit than a company…
