4 ms·
I often hear investors framing their investment decisions in terms of the team as much or more than the product. I would hope that investors recognize that the
by SeanBoocock 9y ago
I often hear investors framing their investment decisions in terms of the team as much or more than the product. I would hope that investors recognize that the sort of alleged behavior and culture at Upload is both wrong and poisonous to building a company that can scale. Investors should do more due diligence and counseling around creating a healthy company culture lest any traction be undermined by becoming known as a bad actor, reducing your talent pool as a result, lawsuits, etc.
- comstock 9y agoYes, but in my experience it's just talk. What they actually mean by "team" is have the founders previously founded a successful startup, or been involved in one. That's it. I'd love to hear other opinions, but that's my experience talking to VCs. They rarely ask detailed team questions, or get to know the team. They ask tech and market questions mostly...
- jonnathanson 9y agoTeam is basically code for what I will call the Three P's: pedigree, pattern, and proof. * Pedigree: Do you have a track record in this domain? Have you been involved in success stories before? If nothing else, do you check the requisite Stanford/Google/Facebook/Apple boxes? * Pattern: Does this team more or less resemble successful teams the VC has seen before? * Proof: Who is vouching for this team? Who else is interested in this deal?
- uninterested 9y agoBut... what about diversity? I mean, inclusion?