According to Noam Wasserman, Harvard Business School professor and author of The Founder’s Dilemma, 65% of high-potential startups fail due to co-founders falling out. Nor is there any evidence to suggest that companies started by single entrepreneurs suffer in consequence. Further, organizations started by solo founders generate higher revenues than organizations started by founder pairs, and do not perform significantly different than larger teams. Speculating on the reasons for this, the authors say: “…solo founders are also not subject to the same frictions and drags that occur when one (inevitably) disagrees with a co-founder". Else, entrepreneurs should start companies alone and offer equity stakes to executives who bring in the skills needed.

Source: Mint July 17, 2019 17:26 UTC