Co-founding is often spoken of as if it's a binary state as Mark points out, it's not. A cofounder who's not 50% committed is a more expensive and less use than a 100% committed first employee. First employees take salary though which takes investment and investors require co-founders.
It's a shame that the data on this is going to become more and more sparse over the next few years as investors locks in on multiple co-founders and single founders become more and more rare.
Couldn't agree more. Stated this in a previous comment but I would much rather a salary taking (and potentially equity holding) first employee than a co-founder just for the sake of having a co-founder.
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Co-founding is often spoken of as if it's a binary state as Mark points out, it's not. A cofounder who's not 50% committed is a more expensive and less use than a 100% committed first employee. First employees take salary though which takes investment and investors require co-founders.
It's a shame that the data on this is going to become more and more sparse over the next few years as investors locks in on multiple co-founders and single founders become more and more rare.
Couldn't agree more. Stated this in a previous comment but I would much rather a salary taking (and potentially equity holding) first employee than a co-founder just for the sake of having a co-founder.