Travel Insurance

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.


56 Responses to Entrepreneurs – more successful going solo or in partnership?

  1. Thanks for the good writeup. It if truth be told
    was once a enjoyment account it. Look complicated to far delivered agreeable
    from you! By the way, how can we be in contact?

    Report inappropriate content
  2. Hi, I do think this is an excellent website.
    I stumbledupon it ;) I am going to come back once again since i have bookmarked it.
    Money and freedom is the best way to change, may you be rich and continue to help others.

    Report inappropriate content
  3. Simon says:

    This site definitely has all the information I needed concerning this subject and didn’t know who to ask.

    Report inappropriate content
  4. Jamey says:

    Greetings from Florida! I’m bored to death at work so I decided to
    check out your website on my iphone during lunch break. I
    enjoy the info you present here and can’t wait to take a look
    when I get home. I’m surprised at how fast your blog loaded on my mobile ..

    I’m not even using WIFI, just 3G .. Anyhow, great site!

    Report inappropriate content
  5. What i do not realize is in reality how you are no longer really a lot more smartly-preferred than you may
    be now. You’re very intelligent. You realize therefore significantly when it comes to this subject, made me
    in my view consider it from numerous varied angles. Its like women and men are
    not involved until it’s something to do with Lady gaga! Your individual stuffs nice.
    Always take care of it up!

    Report inappropriate content
  6. Fantastic website. Plenty of useful info here.
    I’m sending it to several pals ans additionally sharing in delicious.
    And naturally, thanks to your effort!

    Report inappropriate content
  7. Geraldine says:

    Hi there! I know this is kind of off topic but I was wondering which blog platform are you using for this site?
    I’m getting sick and tired of WordPress because I’ve had issues with hackers and
    I’m looking at options for another platform. I would be great
    if you could point me in the direction of a good platform.

    Report inappropriate content
  8. If some one wishes to be updated with most
    up-to-date technologies therefore he must be pay a visit this site and be up to date all the time.

    Report inappropriate content
  9. With havin so much content do you ever run into
    any issues of plagorism or copyright violation? My site has a
    lot of unique content I’ve either created myself or outsourced but it appears a lot of it is popping it up all over the web without my authorization.
    Do you know any solutions to help protect against content from
    being stolen? I’d definitely appreciate it.

    Report inappropriate content
  10. Its like you read my thoughts! You appear to know
    a lot approximately this, like you wrote the e-book in it or something.

    I believe that you just can do with some % to drive the message home a bit, however other than that, that is wonderful blog.
    A great read. I’ll certainly be back.

    Report inappropriate content
  11. I simply couldn’t go away your website prior to suggesting that I extremely enjoyed the standard info a person provide in your
    guests? Is gonna be back often to check up on new posts

    Report inappropriate content
  12. 33Gemma says:

    I must say it was hard to find your website in search results.
    You write great posts but you should rank your website higher in search engines.
    If you don’t know how to do it search on youtube: how to rank a website
    Marcel’s way

    Report inappropriate content
  13. I think everything published was actually very reasonable.
    However, what about this? what if you typed a catchier title?
    I am not saying your information isn’t good., however suppose you added a post title that
    makes people want more? I mean Entrepreneurs –
    more successful going solo or in partnership? | Nova Edge Consulting
    Pvt. Ltd. is a little boring. You could peek at Yahoo’s front page and note
    how they write article titles to grab viewers to open the links.
    You might add a related video or a related picture or two to grab readers interested about everything’ve written. In my opinion, it might
    bring your posts a little livelier.

    Report inappropriate content
  14. I constantly emailed this website post page to all my associates,
    because if like to read it next my contacts will too.

    Report inappropriate content
  15. I’m pretty pleased to uncover this great site. I need to to thank you for ones time just for this wonderful read!!
    I definitely appreciated every little bit of it and i also have you bookmarked to see new things in your website.

    Report inappropriate content
  16. 裝修工程 says:

    Gaylord Entertainment said the Opryland Hotel and Convention center would reopen on November 15.
    But it said it was cutting 1,743 jobs at the Opryland hotel starting next week.

    Report inappropriate content
  17. Penni says:

    Awesome thіngs һere. I am veryy glad tοo ⅼooқ yߋur post.
    Thɑnks a lot аnd Ⅰ’m looking ahead to contact уou.
    Ꮃill yoou pleae drop mе a mail?

    Report inappropriate content
  18. says:

    We ɑre a ɡroup of volunteers аnd opening a new scheme іn oᥙr community.
    Yоur site provided uѕ with valuable info to work on.
    Ⲩoᥙ һave done an impressive job ɑnd our ᥱntire community աill be grateful tօ you.

    Report inappropriate content
  19. LVUCarinwroe says:

    I see your blog needs some unique & fresh content.
    Writing manually is time consuming, but there is solution for this hard task.
    Just search for: Miftolo’s tools rewriter

    Report inappropriate content
  20. I read this paragraph completely regarding the difference of most up-to-date and earlier technologies, it’s amazing article.

    Report inappropriate content

Leave a Reply

This response is the subjective opinion of the person making the comments and not of Nova Edge Consulting

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


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>