SaaStr · 2013-01-08 · 4895d

Complementary Weaknesses Matter More Than Complementary Strengths in Co-Founder Selection

Jason Lemkin argues that for SaaS founders, selecting co-founders whose weaknesses complement your strengths is more critical than having complementary strengths. He illustrates this with his NanoGram Devices experience, where his co-founder's technical expertise and management skills offset his weaknesses, enabling the company to achieve a $50M exit in 13 months.

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Metrics in this report

Company Valuation Multiple

1000x

value creation

NanoGram Devices: $50M sale price vs initial product perceived value

Exit Valuation

50000000$

observed

NanoGram Devices acquisition price

Initial Product Sale Price

50000$

baseline

NanoGram Devices product pricing before turnaround

Time to Exit

13months

observed

NanoGram Devices from founding to $50M acquisition