Sun, 26 April 2020
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
In startup investing, “Team isn’t everything, it’s the only thing”.
All problems will ultimately be solved by the team. If the team can’t solve it, then the business will fail.
In many years of angel investing, almost all failures trace back to the team not being up to the task.
In some cases, the investors underestimated the task, but in the end, it’s the team that must face it.
In reviewing a deal, the investor often makes the mistake of matching the team to the current problem but not future problems.
In the earliest stages, one looks for a team that can build and sell the product, but will that same team be able to grow the business and later scale it? These are the future problems that must be solved.
Hopefully, the CEO will change the team to match the needs of the business.
Direct download: Team_is_the_Only_Thing.mp3
Category: -- posted at: 1:38am CDT