25-30% of his portfolio lose a co-founder before Series A.
Solo Founders Podcast ep 3 is live @chudson of @PrecursorVC has invested in 500+ companies as a solo GP. He's our first VC guest.
His take: the co-founder consensus is broken, and you should never give away 40% of your company just to make fundraising easier.
00:59 — Why the co-founder consensus is wrong
02:57 — The 500+ company data set
03:37 — Dead equity and cap table damage
07:21 — Rivalry and resentment
09:29 — The "team sport" analogy deconstructed
11:47 — Talented solo founder vs. mismatched team
13:37 — The emotional journey of solo founding
15:28 — Solo founder advantages
21:07 — Don't give away 40% to fundraise easier
23:25 — Authorship
27:03 — Fundraising advice for solo founders
28:28 — Don't apologize for being solo
36:45 — The solo GP / solo founder kinship
41:06 — Bear case for solo founding
43:22 — Bull case for solo founding