Era of Solopreneurs !
๐ฎ๐ฌ๐ฎ๐ฑ ๐๐ถ๐น๐น ๐ฏ๐ฒ ๐๐ต๐ฒ ๐ณ๐ถ๐ฟ๐๐ ๐๐ฒ๐ฎ๐ฟ ๐๐ถ๐๐ต ๐ฎ ๐ญ-๐ฝ๐ฒ๐ฟ๐๐ผ๐ป ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ป๐ ๐๐ผ๐ฟ๐๐ต $๐ญ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป ๐งจย
Sam Altman & Naval Ravikant have been talking for years about how this could be real thanks to AIย
Now, what does the data show?
According to Carta ๐ย
- ๐ฅ๐ถ๐๐ฒ ๐ผ๐ณ ๐ฆ๐ผ๐น๐ผ ๐๐ผ๐๐ป๐ฑ๐ฒ๐ฟ๐: The proportion of solo founders has grown significantly, from 17% in 2017 to 36% in 2024. Most solo founders eventually hire employees.
- ๐๐ฒ๐๐ ๐ฉ๐ ๐๐ฎ๐ฐ๐ธ๐ฒ๐ฑ ๐ฆ๐๐ฎ๐ฟ๐๐๐ฝ๐: Despite this growth, only 16%-19% of VC-backed startups are led by solo founders, suggesting investor preference for teams.
Why the Shift? ๐กย
๐๐ผ๐๐ฒ๐ฟ ๐๐ฎ๐ฟ๐ฟ๐ถ๐ฒ๐ฟ๐ ๐๐ผ ๐๐ป๐๐ฟ๐: It's easier than ever to start a company, leading more solo founders to try.
๐๐ฟ๐ผ๐๐๐ต ๐ฝ๐ผ๐๐ฒ๐ป๐๐ถ๐ฎ๐น: Many solo founders avoid VC funding, opting to bootstrap their businesses instead, because faster growth is now possible with AI.
๐๐'๐ ๐ฅ๐ผ๐น๐ฒ: Advances in AI tools reduce startup costs and complexities, potentially driving a future where micro-startups become the norm.
Do you think we'll see the 1 Person Unicorn this year and will it be venture backed or bootstrapped?