Many early-stage investors prefer to back founding teams rather than individuals. Indeed, more than half of start-ups that have raised at least $10m (£7.6m) have two or more co-founders, according to a survey of 7,348 companies published last year by tech website CrunchBase. That means finding the right partner is essential. “Sometimes people who really want to work together, such as great friends, can’t make progress on a project,” said Wendy Tan White, a partner at BGF Ventures, which runs a £200m fund investing in early-stage companies. If you are too similar, it can lead to blocks or dead ends.”Running a business with a partner can bring many benefits, according to consultancy KPMG, including complementary skill…

Source: The Times October 07, 2017 23:03 UTC