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There's also a form of selection bias where many consumer companies without cofounders acquire them before talking to VCs, because they know they're better off with one and it's relatively easy to convince a friend to join you when you can demonstrate a good idea and market demand, which is what the VC also looks for. DropBox, Google, Apple, Instacart all acquired cofounders in-between the prototype being written and them taking venture capital.


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