Hoping to get funding for your startup? You’ll have better luck if you aren’t going it alone.
“Two to three co-founders seems to be a sweet spot,” Y Combinator partner Paul Bucheit said on a panel session at Google I/O Developer Conference in San Francisco. The other panelists — Excite Co-founder and Google Ventures partner Joe Kraus and SCVNGR founder Seth Priebatsch — all agreed venture capitalists prefer to invest in companies headed by more than one founder.
Recent research from the MIT Sloan School of Management supports this idea. The study, led by the MIT Entrepreneurship Center’s Dr. Edward Roberts, indicated that each additional co-founder up to four increases a company’s odds of success. Research of companies with five or more cofounders was inconclusive because there weren’t enough of those companies to reliably include them in the study’s findings. Continue reading For Startups Pitching VCs, Three Is a Magic Number
