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“The solo founders in this data are being too greedy... They're being penny-wise and pound-foolish, because the quality of the person you can bring in [with higher equity] is so much higher.”
— Daniel Francis, solo founder of Abel Police
Solo founders start with 100% of the equity.
Co-founder teams start with a split.
But when it comes to hiring, solo founders grant similar amounts of equity as their co-founder peers. First hire gets ~1.5% whether there's one founder or two. That means solo founders are following playbooks built for already-diluted cap tables and leaving their biggest competitive advantage on the table.
Solo, together.
— Kieran, Julian, & The Solo Founders Team
