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Business people are valuable if they're well-connected and have strong reputations (and if they'll employ these resources in the interests of the founders; some
by pw0ncakes 17y ago
Business people are valuable if they're well-connected and have strong reputations (and if they'll employ these resources in the interests of the founders; sometimes VC bring-ons with this profile can be formidable enemies). It's not just the experience that's necessary, but also the gravitas that comes with a strong track record. 28-year-old MBAs without connections and whose work experience is limited to management consulting or I-banking are generally not desirable for a startup; they literally have nothing to offer.
- techiferous 17y agoFor certain types of products, you don't need any business connections. A well-rounded technical founder working on a product on the side has practically no costs. With enough market savvy and a good business model, this developer can grow the product into a profitable business without taking on outside investment. If later on there is a need for outside investment, my guess is that the profitability of the business works more in the founder's favor than the connections of a business cofounder. Besides, if the technical founder wants connections, he/she can get them. It's not that hard to network.