25-30% of his portfolio lose a co-founder before Series A. Solo Founders Podcast ep 3 is live @chudson of @PrecursorVC has invested in 500+ companies as a solo GP. He's our first VC guest. His take: the co-founder consensus is broken, and you should never give away 40% of your company just to make fundraising easier. 00:59 — Why the co-founder consensus is wrong 02:57 — The 500+ company data set 03:37 — Dead equity and cap table damage 07:21 — Rivalry and resentment 09:29 — The "team sport"…