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Ben
@benersing
Where have I heard this before? 🤔Oh yeah… :)
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Cassie Heart
@cassie
How much of this is because they choose to versus the abundance of VCs that simply choose not to invest in solo founders because they stupidly think it's material risk?
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Ben
@benersing
It’s a perception challenge. If one person bucks the perceived wisdom, the narrative will shift. For now… http://10years.firstround.com/
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Cassie Heart
@cassie
Perhaps it's the metrics they're measuring on with respect to "outperformed", because in terms of running a successful business, this is bullshit: https://www.stern.nyu.edu/experience-stern/faculty-research/venture-investors-take-note-solo-founders-outperform-teams Maybe they just mean what kind of exit they got?
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Nicholas Charriere
@pushix
The facts are super clear on this. It’s statistics so don’t take them personally they don’t apply to one individual. Plenty of people can disprove the rule but the numbers are rock solid on this. YC shared that it’s like 60% less likely to die with solo founders in their data
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Cassie Heart
@cassie
I don't follow, that sounds like YC agrees with my point?
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Nicholas Charriere
@pushix
Sorry “more likely” not less xD. The YC explanation was that the #1 cause of companies dying is founders giving up. With more founders I) one can give up but the other not and ii) you give up less frequently because of support/competition social dynamics
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Cassie Heart
@cassie
I wonder how much of that boils down to self fulfilling prophecy. YC has criteria they say they uphold, but also has criteria that they uphold in practice. By consequence, when they agree to pick a solo founder, most certainly they'll be risk averse and not choose one that is unwilling to find a cofounder at YC (resolute), and in the same vein, pick one that has previously founded a company before (thus with precedence, the likelihood makes it that the prior is cofounded, and therefore the individual in question will likely be less able to keep on alone when things get hard)
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Cassie Heart
@cassie
But I disagree, YC's take is informed from their data, produced by their own actions, not a general study, where the data most certainly does not agree with them.
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