Travel Insurance

Axis

Inside the Economist's Mind

Entrepreneurs – more successful going solo or in partnership?

As per a recent study I am told by NCAER, it seems 80% of entrepreneurs registered as private companies after 2008 in India were co-founded by 2 or more founders. We all know the successful Mind tree was co –founded by as many as 10 co-founders many years back and if I recollect, the youngest was in his early 30’s and the eldest ( Mr. Bagchi ) in his 50’s. The study reveals that more than 75% of those which were co founded did not/are not doing well while almost the same percentage of individual  led companies are satisfied with their achievements.

I am not a hard believer in being swayed by statistics alone.  But why is it that co-founders often fail?

Let me share what I believe are best practices in partnering with other co founders. There is undoubtedly a need to have shared values apart from only shared interests between co founders.  Chemistry too is essential. Also –whether it is a bunch of college mates getting together or professionals getting together — co founders ideally need to have complementary skill sets which will ensure an effective relay race as the business starts off, churning of ideas and leveraging each other’s strengths.

All this is well known. In addition, I would urge all budding entrepreneurs who plan to partner to also spend quality time–as they would do building up their business plans — to carve out strategic and operational Roles at the outset. I would strongly advise co-founders to work out a Founders agreement during the incubation phase where future situations and how they would be tackled are thought through. I am also of the firm opinion that there has to be a leader who takes a final call in case of a difference of opinion on operational and most strategic matters, or a “First among equals” leadership Role assigned to one of the co founders even if they are all of the same experience profile; though there should obviously be guardrails in place to ensure that consensus is enshrined for key strategic decisions e.g. exits, new partners, changes to Founders agreement etc.

The Founders agreement should be incorporated as part of the Articles of association or partnership deed as the case may be. If well thought out governance procedures, Roles for each co founder and way forward for future situations has been well defined before the launch, it would definitely help the start up team during the ups and downs of the roller coaster that every start-up inevitably faces. The VC/seedfund fraternity would also welcome it.

//

1,994 Responses to Entrepreneurs – more successful going solo or in partnership?

  1. Agen judi says:

    Great paintings! That is the kind of info that are supposed to be shared around the net. Disgrace on Google for no longer positioning this submit higher! Come on over and discuss with my site . Thanks =)

  2. Awesome post. I am a normal visitor of your site and appreciate you taking the time to maintain the nice site. I will be a frequent visitor for a really long time.

  3. Hiya, I’m really glad I’ve found this information. Nowadays bloggers publish only about gossip and net stuff and this is actually irritating. A good website with interesting content, this is what I need. Thank you for making this website, and I will be visiting again. Do you do newsletters by email?

  4. Awesome post. I am a normal visitor of your web site and appreciate you taking the time to maintain the excellent site. I’ll be a frequent visitor for a really long time.

  5. Hi my loved one! I wish to say that this post is
    amazing, nice written and include approximately all vital infos.
    I would like to look extra posts like this .

  6. Hiya, I’m really glad I have found this information. Nowadays bloggers publish only about gossip and web stuff and this is really annoying. A good blog with interesting content, that’s what I need. Thanks for making this web-site, and I’ll be visiting again. Do you do newsletters by email?

  7. Nice blog here! Also your website loads up fast! What web host are you using? Can I get your affiliate link to your host? I wish my website loaded up as fast as yours lol

  8. I’ve been surfing online more than 2 hours today, yet Inever
    found any interesting article like yours. It is pretty worth enough for me.
    In my view, if all webmasters and bloggers made good content as you
    did, the web will be mucfh more useful than ever before.|
    I couldn’t resist commenting. Perfectly written!|
    I’ll immediately tske hold of your rss feed as I can’t in finding
    your email subscription liink or e-newsletter service.
    Do you have any? Kindly permit me recognise
    in order that I could subscribe. Thanks.|
    It’s perfect time to make somee plans for the future and it is time to
    be happy. I have read this post and iif I could I desire
    to suggest you some interesting things or advice. Perhaps
    you can write next articles referring to this article.
    Idesire to read more things about it!|
    It’s the best time too make some plans forr the long run and it is time to bee
    happy. I have read thiks put upp and if I
    may just I desire to suggest you few attention-grabbing things
    or tips. Maybe you can write subsequyent articles referring too this article.
    I want to read even more things about it!|
    I’ve been browsing online greater than three hours today, yet
    I never found any interesting article like yours. It’s pretty
    price sufficient for me. In my opinion, if all site owners and bloggers
    made just rightt content as you did, the internet can be a lot mlre helpful thnan ever before.|
    Ahaa, itts fastidious dialogue on thee topic of this post
    at this place att this weblog, I have read all that,
    so at this time me also commenting at this place.|
    I am sure this piece of writing has touched all the internet
    people, its really really good article on building up
    new website.|
    Wow, this paragraph is good, mmy younger sister is analyzing such things, thus I am going to convey her.|
    Saved aas a favorite, Ilike your site!|
    Way cool! Some very valid points! I appreciate you penning thhis artidle and also the rest of the site is
    also really good.|
    Hi, I do believe this is an excellent blog.
    I stumbledupon it 😉 I’m going to return yet again since i have bookmarked
    it. Money and freedomm is the best wway
    to change, may you be rch and continue to guide others.|
    Woah! I’m really digging the template/theme of this
    blog. It’s simple, yet effective. A lot of times it’s hard to get that “perfect balance” berween usability and visual appeal.
    I must say that you’ve done a superb joob with this.
    Additionally, the blog lads super quick for me on Chrome.
    Outstanding Blog!|
    These are in fact enormous ideas in on the topic of blogging.
    You have touched some good points here. Any way keep up wrinting.|
    I like what you guys tend too be up too. This type of clesver
    work and reporting! Keep up the superb works guys I’ve you guyhs to blogroll.|
    Hey! Someone in my Facebook group shared this site with us so I came to give it a look.
    I’m definitely enjoying the information. I’m bookmarking and will be tweeting this
    to my followers! Exceptional blog and amazing design andd style.|
    Everyone loves what you guys tend to be up too.
    This kind of clever wwork and coverage! Keep up the grdeat works
    guys I’ve included you guys to my own blogroll.|
    Hi would you mind sharing which blog platform you’re working with?

    I’m going to start mmy owwn blog soon buut I’m having a difficult time deciding between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your desivn seems differeent then most
    blogs and I’m looking for something unique.
    P.S My apologies for being off-topic but I had to ask!|
    Hey would you mind letting me know which web host you’re working with?
    I’ve loaded your blog inn 3 different web browsers and I must say
    this blog loads a lott faster then most. Cann you recommed a good hosting provider at a reasonable price?
    Thanks a lot, I appreciate it!|
    Everyone loves it when individuals come together and share ideas.

    Great site, keep itt up!|
    Thankk you for the auspicious writeup. It in fact was a amusement account it.
    Look advanced to far arded agreeable from you! By the
    way, howw could we communicate?|
    Hello just wanted to give you a quick heads up. The text in youhr content sem to be
    running off the screen in Ie. I’m nnot sure if this is a formatting
    issue or something to do with browser compatibility but I thought I’d post too let you know.
    The stylee and design look great though! Hope you get the problem fixed soon. Kudos|
    This is a topic which is close to my heart… Cheers! Exazctly where are your contact details though?|
    It’s very effortless tto ffind out anyy matter on net aas compared to textbooks, as I found this piece off
    writing at ths website.|
    Does your site have a conact page? I’m having trouble locating
    iit but, I’d like to send you an email. I’ve got some suggestions for your
    blog you might be interested in hearing. Either way, great website and I look forward to
    seeing it griw over time.|
    Hola! I’ve been following your website for some timee noow and
    finally got the bravery to go ahead and give you a shout out from Huffcman Tx!

    Just wanted to say keep up the good work!|
    Greetings from Los angeles! I’m bored to tears at work so Idecided
    to browse your site on my iphone during lunch break.
    I really like the info you present here and can’t wait to taje a look when I get home.
    I’m shocked at how fast your bllog loaded on my cell phone ..
    I’m not even using WIFI, just 3G .. Anyhow, awesome site!|
    Its such as you read my mind! You seem to grasp sso much about this, such aas yoou wrote the book in it or
    something. I think that you just can ddo with a feww p.c.

    to power the message home a little bit, but other than that, that is excellent blog.

    A great read. I’ll definitely be back.|
    I visited various web ites but the audio quality for audio songs present at this site
    is truly fabulous.|
    Hello, i read your blog occasionally and i own a similar one
    and i was just wondering if you get a lot off spam comments?
    If so how doo you protect against it, any plugin or anything you can recommend?
    I get so much latelly it’s diving me insaane soo any hellp is very mucxh appreciated.|
    Greetings! Very useful advice in this particular post!
    It’s the little changes that produce the most
    important changes. Thanks for sharing!|
    I truly love your site.. Excellent colors & theme. Did you create this
    web site yourself? Please reply back as I’m
    wanting to create my own site and would like to know whedre yyou got this from or whyat the theme is named.

    Kudos!|
    Hello there! This blog post couldn’t be wwritten any
    better! Going tthrough this post reminds me of my prrevious roommate!
    He continually kwpt talking about this. I’ll forwward this articlle to
    him. Pretty sure he’ll have a very good read. I appreciate you for
    sharing!|
    Incredible! This blog looks exactly like myy old one! It’s
    on a completely different subject but iit has pretty much the
    same layout and design. Suplerb choice of colors!|
    There is definately a lot to find out about this issue.

    I like all the points you’ve made.|
    You made some good points there. I looked on the
    internet for more information about the issue and found most people will
    go along with your views on this site.|
    Hello, I chewck your blogs on a regular basis.
    Your writing style is witty, keep doing what you’re doing!|
    I just could not leeave your web site before suggesting that I extremely loved the standard information an individual supply on your guests?

    Is gonna be back continuously in order to check out new posts|
    I needed to thank you for thius wonderful read!!

    I certainly lovved every little bit of it. I’vegot you saved as a favorite tto look at new things you post…|
    Hi, just wanted to tell you, I loved tjis post.
    It was funny. Keeep on posting!|
    Hi there, I enjoy reading all of your post. I likie to write a little comment to support you.|
    I every time spent my half an hoir to read this website’s articles or reviews everyday along
    with a cup of coffee.|
    I always emawiled this blog post age to all my associates, because if like to read it
    after that mmy friends will too.|
    My coder is trrying to convince me to move to .net from PHP.

    I have always disliked the idea because of the expenses.
    But he’s tryiong none the less. I’ve been using WordPress on a number
    of websites forr about a yeaar annd am worried
    about switching to another platform. I have heard god things about blogengine.net.
    Is there a way I can import all my worpress content ino it?
    Any help would be really appreciated!|
    Howdy! I could have sworn I’ve been to yopur blog before but after goiung through some of the articles I realied it’s new to
    me. Anyways, I’m definitely happy I came across it and I’ll be book-marking it and checking back regularly!|
    Wonderful article! That is the kind of information that are supposed tto
    be shared around the net. Shame onn Google ffor no longer positioning this submit
    higher! Come on over andd consult with my web site .

    Thanks =)|
    Heya i am for the firt time here. I came across
    this board and I find It truly useful & it helped me
    out a lot. I hope to give simething back annd aid othets like you aided
    me.|
    Hello there, I belkeve your web site could be having internet
    browser compatibility issues. Whenn I take a look at your website in Safari, it
    looks fune however when opening in I.E., it has some overlapping issues.
    Ijst wanted to give you a quick heads up! Besides that, fantasti site!|
    Someboddy essentially lend a hand to make critically posts
    I would state. That is the very first time I frequented your web
    page and up to now? I surprised with the research you
    made to make this actual put up amazing. Wonderful process!|
    Heya i am for the primary time here. I came across this board and I tto
    find It really helpfu & it helped me out a lot. I’m hoping to
    give something again and aid others like you helped me.|
    Good day! I just wish too offer you a huge thumbs up for the great
    information you have got right here on this post. I am coming bacfk to your blog ffor more
    soon.|
    I every time used to read article in news papers but
    now as Iam a user of web so from now I am using net for articles, thanks
    to web.|
    Your method of describing everything in this article is genuinely good, every onee be capable oof simply know it, Thanks a lot.|
    Hello there, I discovered your site bby waay off Google at thee sme time as
    looking for a comparable topic, your web site got here up, it appears to be like
    great. I’ve bookmarked it in my google bookmarks.

    Hello there, simply was alert to your weblog via Google, and
    located that it’s truy informative. I’m going to be careful for
    brussels. I will appreciate wwhen you continue this in future.Lots of other people willl probably be benefited from your
    writing. Cheers!|
    I’m curious to find out what blog platform you are using? I’m aving some small security problems with myy lqtest website and I’d like to fin something more risk-free.
    Do you have any solutions?|
    I am extremely impressed with your writing skills and also with the layout
    on your weblog. Is this a paid theme or did you customize it yourself?

    Eigher way keep up the nice quality writing,
    it’s rare to see a great blog like this one nowadays.|
    I’m really impressed together with your writing
    talents as skartly aas with the structure for your weblog.
    Is that this a paid theme oor did you modify it yourself?
    Either waay keep up the nice high quality writing, it is rare to look a nikce weblog like this one these days..|
    Hi, Neat post. There’s a problem along with your website in web explorer,
    would test this? IE nonetheless is the market leader and a good component to follks wiol misws your magnificent writing due tto this problem.|
    I’m not sure where you’re getting your info, but great topic.
    I needs to spend some time learning much more or understanding more.
    Thanks for fantastic information I was looking for this info for myy mission.|
    Hi, i think that i saw you visited my website so i came to “return the favor”.I am
    trying to fund things to enhance my website!I suppose its ok to use
    some of yo\

  9. Hiya, I am really glad I have found this information. Nowadays bloggers publish just about gossip and web stuff and this is really irritating. A good site with exciting content, that is what I need. Thanks for making this site, and I will be visiting again. Do you do newsletters by email?

  10. Awesome post. I’m a regular visitor of your web site and appreciate you taking the time to maintain the nice site. I’ll be a frequent visitor for a really long time.

  11. Hiya, I am really glad I have found this info. Today bloggers publish just about gossip and web stuff and this is actually frustrating. A good site with exciting content, that is what I need. Thanks for making this website, and I’ll be visiting again. Do you do newsletters by email?

  12. Awesome post. I’m a regular visitor of your blog and appreciate you taking the time to maintain the nice site. I will be a regular visitor for a really long time.

  13. Agen judi says:

    Hola! I’ve been following your website for a while now and finally got the bravery to go ahead and give you a shout out from Kingwood Texas! Just wanted to say keep up the fantastic job!

  14. Hey there. I found your website via Google even as searching for a related topic, your site came up. It seems to be good. I’ve bookmarked it in my google bookmarks to come back then.

Leave a Reply



Your email address will not be published. Required fields are marked *