The top thing failed startups have in common, Hogan says, is that they’re sole founders without a partner. “That is the single biggest indicator of why they got in trouble,” he says, adding that it’s especially common for sole first-time founders to fail.
Scary — Seeking Alpha is a sole founder company. But we’re doing really well; we’ve become the must-read platform for crowdsourced equity research, have a rapidly growing subscription product for investment professionals, and are disrupting the market for real-time financial news. Which makes me wonder what the problem is with sole founders, and how we mitigated that.