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Can You Succeed as a Solopreneur?

Posted on Monday, Nov 2nd 2020

Yes. Without a doubt.

You ALWAYS start alone.

And in these days of virtual companies, you can get lots of help as a solopreneur and get very far in your quest for product-market fit, validation, even traction.

You can even Bootstrap with a Paycheck.

Can a Solopreneur Raise Funding?

You don’t need a full executive team for seed funding.

However, solo entrepreneurs typically have difficulty in raising seed funding.

Investors prefer at least one co-founder.

If you are a solo founder bootstrapping, you should put all your energy into getting to product-market fit, and getting to paying customers. Not on trying to artificially fill a co-founder position.

The way to mitigate this is by bootstrapping your startup to traction, where you have paying customers and a clear path to high velocity customer acquisition as a solo founder. If those metrics are in place, you can raise money without a co-founder.

You can review our Investor Introduction policy if you’re looking for help with funding.

Solo Founder Case Studies:

Solo Founder, Bootstrapping to $7 Million in India: Wingify CEO Paras Chopra

From Solo Entrepreneur to $65 Million in Revenue: Brazilian Entrepreneur Daniel Scandian, CEO of MadeiraMadeira

Doing $5 Million A Year With Three Employees: FineArtAmerica CEO Sean Broihier

Want to discuss your situation? Come to the Free Public Roundtables. We have them weekly.

Photo by Samrat Khadka on Unsplash

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