Second most doesn't mean anything when you're talking about three arrangements, realistically.
I would like it to be true that solo founders have just as much chance of success. I have been unable to find a cofounder for years, and I am not biased against solo companies. People are unpredictable, and even wildly successful companies have some disheartening back stories. I've learned that from books like Idea Man (Microsoft) and Masters of Doom (id Software) where founding members got screwed by morally challenged cofounders. In the case of id, Tom Hall received nothing from id in the end, and forfeited all of his equity when he was fired. Because they decided he wasn't needed anymore, despite him being there from the beginning through the tough times.
But it stands to reason that you are better off if you can find someone who is honest and is going to work hard with you, simply because two heads are better than one. When used together at least. Emphasis on honest, I would rank trust and ethics over experience and intelligence.
If you can't find that person, and you are determined, then may as well go ahead and go it alone. You only live once. Just realize the odds are stacked even higher against you. You are only lying to yourself if you refuse to accept that truth.
And you can be a cofounder of a successful company, but still fail miserably and have it all taken away by a bad cofounder.
You just dismissed the data and replaced it with nothing of substance. Forget your feelings and look at the data, single founders are successful especially when you're talking about smaller companies that might not go the VC route. VCs are really only interested in companies that have a shot at being unicorns.
It doesn't tell how many companies with single founders fail vs teams, but it shows that single founder companies comprise about half of successful startups on crunchbase. It's not perfect, but it's hardly bad either.
>It doesn't tell how many companies with single founders fail vs teams
Exactly, that missing information is what makes the data bad. Negative examples are needed to make any meaningful comparison between single vs team. You're missing an entire distribution showing success vs failure. You gave a perfect example of selection bias.
You would make a terrible statistician, or maybe you're highly skilled in the art of How to Lie with Statistics.
Imperfect data is a fact of life. Provided you understand what it represents ("Of startups that succeed, a large proportion have single founders") there is nothing wrong with using this.
It's much better than what you have offered: no data and insults to anyone who disagrees with you. You may want to consider this when thinking about why you have been unable to find a co-founder.
Depends on the scale of success. A successful lifestyle business can be achieved by a solo founder. A unicorn or company with large exit is less likely.
An employee is never going to be as personally invested as a cofounder. But the upside is you can terminate them if your working relationship goes awry.
I would like it to be true that solo founders have just as much chance of success. I have been unable to find a cofounder for years, and I am not biased against solo companies. People are unpredictable, and even wildly successful companies have some disheartening back stories. I've learned that from books like Idea Man (Microsoft) and Masters of Doom (id Software) where founding members got screwed by morally challenged cofounders. In the case of id, Tom Hall received nothing from id in the end, and forfeited all of his equity when he was fired. Because they decided he wasn't needed anymore, despite him being there from the beginning through the tough times.
But it stands to reason that you are better off if you can find someone who is honest and is going to work hard with you, simply because two heads are better than one. When used together at least. Emphasis on honest, I would rank trust and ethics over experience and intelligence.
If you can't find that person, and you are determined, then may as well go ahead and go it alone. You only live once. Just realize the odds are stacked even higher against you. You are only lying to yourself if you refuse to accept that truth.
And you can be a cofounder of a successful company, but still fail miserably and have it all taken away by a bad cofounder.