How Many Founders should a Startup have?
One question that may come to mind for businesses wanting to incorporate is how many “founders” they should have. By “founders”, we mean individuals who have collaborated together to establish a new company.
It really depends on how you structure it as to whether there should be one or two founders or five or more as expressed in the video below.
Simply having several people who come together and say – “We want to start a company that will be successful in the future” – isn’t enough. In this case, having more than one or two founders could be huge mistake. Progress will be elusive and chances are, the venture won’t succeed.
On the other hand though, if each person has their own area of responsibility like one in charge of marketing, another in charge of development and another in charge of fundraising for example, several founders for a company could be a plus.
Watch this quick interview of venture capitalist David Hornik for more. And if you’re ready to incorporate a business, turn to the online incorporation experts at MaxFilings to quick and reliable service.