Only one founder.
This is #1 on Paul Graham's list of 18 things that kill startups, and as someone who is currently trying to get two startups off the ground, I can see why. If there's only one person, ideation sessions will be weaker, the founding team by definition will be weak in a few key areas because
- There are no complementary skill sets
- Things will take longer to get done
- Quality will suffer because no one else is vetting the work
- There is no moral support when bad days arise
- Investors will be skeptical
I've heard that the founder is pretty much consumed with raising money. His capital needs are actually much higher, because he's also a non-technical founder running a software startup. He can't code. As a result, everything has to be outsourced, which is just killing his funds.
Of course, it's not too late to bring on another founder, but he's got to move fast.
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