Having a friend to talk to, who understands exactly what you’re going through, to be there when you need it makes all the difference in the world. ![]() When you inevitably hit the trough of sorrow, it’ll hurt, and picking yourself back up is a hell of a task. In the startup world, the highs are high, and the lows are low. To investors, it looks like no one else but you believes in your idea.īut most importantly, you won’t have a partner to help pick you back up when things go wrong. It doesn’t matter how hard-working or talented you may be, or how brilliant your idea is. Why is that? Well for one thing, to investors, it’s a vote of no confidence. It also found that teams were more likely to attract investors and experience success in comparison to solo founders. While there’s nothing wrong with being a solopreneur, you have to realize that you’re playing with a handicap from the get-go.Īccording to the Startup Genome Report, solo founders, on average, take 3.6 times longer to scale when compared to startup teams of two or more. ![]() So, let’s get down to it, let’s break down what makes the perfect founding team! But the team that brings it all together forms the company’s DNA. Ideas can pivot and evolve as they grow, funding can always be found somewhere else, the market will always change with a never-ending supply of competitors. ![]() Make no mistake, more than anything else, startups live and die by the people that bring them to life. There’s an art to creating the perfect founding team.Ī startup can have all the potential in the world, but nothing can derail things faster than its “people problems.” In a study about startup performance, venture capitalists attribute 65% of company failures to problems within the startup’s management team.
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