Partner or solo?

10 Sept 2024 · 1 min

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In this short advisory segment, the speaker answers Feras' question about whether to launch a business alone or with a partner. Drawing on personal experience from seven ventures—each of which included at least one co‑founder, sometimes up to three—the speaker recommends starting with a partner. He acknowledges that solo founders can succeed but notes that partnership failure rates are commonly cited as over 70%. The speaker suggests that the high failure perception may deter people, yet emphasizes that doing certain things right can help identify the right partner, making partnership a viable and often preferable option.

Chapters

Hey, Feras, I want to start a business. Should I do it solo or with a partner? Please let me know. A quick answer, a short answer would be do it with a partner. Now, there are a lot of people who succeed by going solo, as you indicated, but in my experience, and this is— fortunate to be in this position, this is my 7th venture. In all the 7 ventures, I've always had a business partner, never, never had it by myself. Um, most cases just one partner, and a couple times, in a couple of cases, we had 3 partners. So, so, uh, you see, you hear a lot about partnership, that, that it's a high failure rate. I think 70% plus fail. So maybe people are reluctant to get into a partnership because of what they hear and what, what they don't know what to expect. If you do certain things right, I think you can find the right person to partner with, but you don't have to. It's just you have options.