“It takes an army to fight this Cancer battle. Coeptis Therapeutics has now joined the fight to find Potential Cures For Cancer using Cell Therapy.” See our Interview Below!
🎥 The Morning Meeting
👋 Hey Boardroom Members,
As savvy startup investors, you know that founder’s matter. A lot. Like sometimes more than anything, just next to the business idea. But have you ever thought about how many founders a startup company should have? Is there an optimal number?
The easy (and completely squishy and unsatisfying) answer is “more than one”. Even Apple, which became the juggernaut it is thanks almost solely to Steve Jobs’ maniacal drive (before and after being fired) and vision had three original founders. The dangers with a single founder/leader range from falling into the trap of a cult of personality (Theranos anyone?), to falling in love with the original idea and being unwilling to pivot.
While a startup needs more than one voice and brain, the number can also become too big if companies aren’t careful. Now you may be thinking “what about PayPal?” and it’s true that there were six founders including Peter Thiel, but remember it was originally a software security firm that merged with an online banking startup called X.com, founded by a guy meme lover and world’s richest person Elon Musk. That is the definition of a lightning in a bottle situation that is unlikely to ever occur again.
Two to three seems to be a sweet spot for the number of founders. There are multiple brains to bounce thoughts off of, reinforce good ideas, and kill bad ones in the crib. In cases of three founders, there is the added benefit of a tie breaking vote for especially difficult decisions. Two or three founders can easily have the drive and passion to move the business forward, while still having enough skin in areas of primary importance so as not to see responsibility get watered down.
We’ve already discussed that knowing who the founders are is one of the key variables in my startup investing decisions, but it is important to also consider the number of founders. I want my companies to have a balance between too few voices to generate great ideas, and too many voices that can cause confusion and infighting. Yes, it’s another variable to add to the seemingly endless list that investors have to consider with new companies, but it is an important one that I consider.
👀 Featured Story
Cancer Cell Therapy Startup
Cancer affects so many people in America. Chances are, you are reading this now and thinking of someone that has been affected by cancer before.
It takes an army to fight this battle. Coeptis Therapeutics has now joined the fight to find Potential Cures For Cancer using Cell Therapy.