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Pick a startup based on the team not on the idea. Make sure the team has a good dynamic. Make sure the team is composed of people who can actually build the pro
by astrec 18y ago
Pick a startup based on the team not on the idea. Make sure the team has a good dynamic. Make sure the team is composed of people who can actually build the product.
The team I was in at StartupCamp Melbourne also learned this lesson: http://www.inquisitr.com/4560/melbourne-startup-camp-the-good-the-bad-and-the-vc/ http://www.inquisitr.com/4560/melbourne-startup-camp-the-goo... .
Invest in teams, not ideas.
- sarp 18y agoIt's funny, these are exactly the same lessons I posted on my blog from my experience at Atlanta Startup Weekend 2: http://sarpcentel.com/wp/10/lessons-learned-at-atlanta-startup-weekend-2/ http://sarpcentel.com/wp/10/lessons-learned-at-atlanta-start... Don't choose an idea, choose a team!
- pm 18y agoThanks for that tidbit, any news on the Australian startup scene is welcome. However, I am saddened by the ignorance and self-importance of local VCs. I wish there were ways to counter it, but I'm out of ideas and patience.