Original study favoring solo founders over teams

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One of my MIT mentees pointed to me that The MIT Sloan Review ran a much more in depth article on the study by MIT professors Jason Greenberg and Ethan Molnick that showed that solo founders are 2.6 times as likely “to own an ongoing, for-profit venture” than teams of three or more co-founders.

So for those of you interested in more about this subject than I had posted previously based on a Wall Street Journal article, you can read their entire recent working paper.

But founding teams please don’t split up over this research! It’s only one study and your team could well be very successful. But for those of you thinking about doing a startup you might want to reconsider the received wisdom that you need a partner or partners to be successful.

Author: Mentorphile

Mentor, coach, and advisor to entrepreneurs, small businesses, and non-profit organizations. General manager with significant experience in both for-profit and non-profit organizations. Focus on media and information. On founding team of four venture-backed companies. Currently Chairman of Popsleuth, Inc., maker of the Endorfyn app for keeping fans updated on new stuff from their favorite artists.

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