Should You Go Into Business With a Co-Founder
Whether raising capital, building a team or getting clients, starting a business solo is a lot of responsibility.
You may want to consider bringing a co-founder on board. That’ll mean you can share the workload and mitigate some risks – plus investors might take you more seriously, since many venture capitalist firms are unlikely to back solo entrepreneurs.
On the other hand, history shows that 65% of startups fail because of co-founder conflict, so why run the risk of losing it all?
Needless to say, deciding whether to go into business alone or to team up is a minefield to navigate. The OnDeck team drew from the advice and inspiration of established business leaders to weigh up the pros and cons, map the ups and downs and calculate the risks and rewards each pathway has to offer. The team has presented them in an infographic so you can figure out if you should go into business with a co-founder...