When you read about startups or startup accelerators, you almost hear about teams of co-founders. That’s because there most often, having co-founders is the right way to go. But can a solo founder succeed? What’s a poor startup founder to do if s/he can’t find the right co-founders? Just hang-out and wait? In episode 5 of Distilling Venture Capital, I look at these questions. Below are some of the articles and resources that I mention. Enjoy!
Startups Are Hard. Don’t Go It Alone – Satay Patel, Homebrew Ventures
I spent time on this article back in Episode 2. Great summary of why co-founders are so important to a startup.
Building The Right Founding Team – Nic Brisbourne, Forward Partners
Nic puts the whole co-founder question into the context of what needs to be done by a startup in the earliest days. First, research and prove a real need exists. Second, connect with the customers at an emotional level to understand why they’d buy the solution you’re proposing. Third, prove it, by building a prototype and watching what happens. To do that you need three sets of abilities. Usually these are found in a team, but Nic suggests it can be done by a solo founder if done carefully.
Dave McClure’s slide about the Hipster, Hacker, Hustler framework (goes directly to slide). The rest of the pitch below will probably get a couple episodes as well someday. Great thoughts about evolution of venture capital industry and startup ecosystems.
How Solo Founders Beat The Odds and Got Into Top Accelerators – Lora Kolodny for the Wall Street Journal
prevailing wisdom suggested…success was unlikely for me, a solo founder who can’t code. – Nikhil Nirmel
Bonus Material – More About Nic Brisbourne
|Nic says: “I’m a seasoned venture capitalist with a talent for spotting new markets early, distinguishing hype from reality and knowing which trends have legs and which will flame out. I love working with talented entrepreneurs to build products that people love and sustainable, high value, businesses.|
Since the summer of 2013 I have been Managing Partner of Forward Partners (FP), a high value add early stage investment business which is part of Forward Internet Group. For the thirteen years prior to that I worked in a number of venture capital roles, mostly in London, but with spells in Silicon Valley. My main areas of focus have been ecommerce, software and media and I have been personally responsible for over 40 investments including Buy.At (acquired by AOL for $125m), Zeus Technology (acquired by Riverbed for $140m), Unbound, Conversocial, StrikeAd and Lyst.”
|The Equity Kicker||Nic’s blog|
|Forward Partners||Forward Partners’ website|