A study conducted by CB insights has revealed a lot of details about VC backed companies across the country. The focus of the study was on the three largest players in tech startup; New York, California and Massachusetts.
Key Stats
40% of funded companies have two founding members, and they raise 19% more money on average than companies with one or three founders. A common scenario is one founder focuses on the technical and product side of the business, while the other handles more of the business and marketing. A two founder company has the advantage of a greater depth of knowledge, while still keeping decision making simple compared to larger teams.