The Cofounder Advantage

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Photo by Christina @ wocintechchat.com on Unsplash

When running a startup, it traditionally isn’t recommended that you go it alone. A lot of work is required — typically too much for any one person — and a lot of different skill-sets are needed that is more likely to be dispersed across a large team rather than in one person’s hands (See: You Can’t Do It All Alone). However, there’s another key, non-obvious advantage to having a cofounder that I wanted to go over in this blogpost.

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You Can’t Do It All Alone

We talk a lot about both diversification and diversity, yet describe them as if they’re fundamentally different concepts. However, I don’t think the diversification we might talk about over investing is all too different from the diversity we talk about in the corporate field. Both come with the same major advantage; an advantage that follows around the fact that you can’t do it all alone.

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Dow 30,000

 

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Photo by M. B. M. on Unsplash

 

Back during the tech boom of the 2000s, there was a saying going around that the market would be carried by internet firms so far that the Dow Jones Industrial Average would go from 10,000 to 30,000 in the span of a few years. Of course, the subsequent bust crushed that dream. But here we are, roughly ten years later, this time on the very real verge of hitting the mythical 30,000 benchmark. Now, a question remains: how long can we keep it up?

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