Stephen Price, who has founded and exited three companies, says 62% of startups fail due to co-founder conflicts. He argues teams with co-founders outperform solo founders, and that an A-team with a B-idea beats a B-team with an A-idea. Picking co-founders with aligned vision and values is the top startup killer to avoid.
I founded 3 successful companies to exit, but I really do know how to build businesses from the ground up. So I'm completely aligned with everybody in this call today as founders and entrepreneurs. So 62% of startups fail due to co-founder conflicts, and the co-founder conflict is considered the number 1 startup killer. So For all of the positive parts of finding a co-founder, it's quite interesting that the conflicts that do happen with that are very impactful. So it creates a real strong need to make sure that you cut your co-founder, who you match up with, definitely align with your, your view, your vision, and your values, etc. So team is everything, and, and it's statistically proven that teams built with more than, or basically rather than a solo founder, teams with co-founders are more successful than a solo founder in general. So there's a saying in Silicon Valley that it's better to have an A team with a B idea than a B team with an A idea. And I agree with this absolutely. The team's everything. Okay. You can have a, you can have a good idea and you can grow it, nurture it, and then really, really blow it up with an amazing team. And one thing I've learned over the years is that a team and the importance of hiring Hiring the right people, bringing the right people in is definitely one of the keys to success.
