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How do I determine that I have the perfect team for my Startup?
I am sure many of you have bootstrapped their companies from the startup phase and it wouldn't have been an easy journey. So, what does it take to build a perfect team for your startup?
Love this deck from Mark Suster a couple years back:
Few key points from his blog BothSidesOfTheTable:
-- Be careful not to have too many co-founders. it’s the most expensive dilution you’ll ever face. And you need to be careful about giving up control to cofounders as much as VCs
-- My ideal startup team is heaving on tech personnel but also has strong product management. PM’s are underrated in Silicon Valley these days. For the wrong reasons. PMs are a vital part of a tech startup. Engineering is critical but it is not everything. Without strong PMs you build crappy products that nobody needs or that real people can’t use
-- Early-stage companies shouldn’t: outsource core product development, have consulting firms build it for them to speed up time-to-market, shouldn’t hire too many business people until product is complete and early product/market fit tested
-- Don’t hire a homogenous team. You need a diverse set of skills to succeed
- Generally 2-4 co-founders
- Know your founding team, i.e. good professional and social relationships
- make sure you've founder-market fit, great post by Chris Dixon - https://www.joinradium.com/posts/founder-market-fit
Define your culture!
We just released our company culture doc, check it out, its how we know what types of people we want to hire and has worked really well to create a cohesive team.
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