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Techcrunch's research suggests that single co-founder startups have seen more "success". So, the inability to find a co-founder is not the end of the world.
However, having a co-founder is a good idea. Building a startup is tough and stressful, while also requiring a variety of skills. It is a journey made easier with the right partners. Paul Graham and 500 startups agree with this.
Getting your co-founder as early as possible in your journey is the best - even at the ideation phase, if possible. This largely helps in aligning the purpose and vision of building a company. Equity conversations are also easy, as there is nothing that has been tangibly built.
However, never feel that it is too late. Whenever you feel the need for another person to make the startup successful, go for it.
Like everything else in life, a perfect person doesn't exist. So, the goal is to find a great co-founder for you, by being specific about your priorities.
To be clear, the idea is to not make a compromise - better to not find a co-founder rather than "settling" for one.
This is a three-part process.
i. Defining expectations
ii. Finding them
iii. Approaching them
Based on the criteria set above, the channels to find potential partners are as follows:
Once you are convinced that you have the right person, here's how you approach them:
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