In the startup world, there is no such thing as a solo entrepreneur or one-man-show.
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Teams with more than one founder outperformed solo founders by a whopping 163% (First Round Capital)
On average, it takes six months to hire someone for a startup. (Forbes)
Startup failure is most common when the company has 11–50 employees. (Failory)
Find out the other reasons why startups fail.
Only 50% of businesses with employees survive past the first five years.
Experience alone does not make a team successful — soft skills such as “entrepreneurial passion” + “shared strategic vision” are required as well. (HBR)
Over 50% of small businesses have a Chief Financial Officer. (Wall Street Journal)
Which companies reached the $1.000.000.000.000 valuation?