The Biggest Asset of a Company is its Team

Before providing venture funding, the main features that venture capital firms are looking into in a prospect company are business models, products, markets, growth, and management teams. Based on various articles and blog posts that I have read, I can confidently conclude that the most important item on this list is the management teams. In his blog, Jeff Bussgang quotes a research study that found that 65% of all startup failures are due to people issues.

This is not surprising at all as it is very difficult to build a strong cohesive team that supports its members and avoids the issues created by politics. In this post, gives a nice general guidelines on how to build a winning team. Also in his blog, Ben Horowitz gives some examples of events that could create politics in a company, and also provides some good advice on how to minimize the effects of these events.

Konstantin Valchev
Konstantin Valchev

Konstantin is the President at OnLighten, which specializes in Customer Relationship Management (CRM) and business systems strategy, implementation, integration, automation, and training. He was previously an Analyst at OpenView.
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