Angel Cove Venture: Do you need a team?

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There is no doubt that you need a team to be your founding shareholder.

In the early days of entrepreneurship, when you have nothing, you can attract other team members to take out their time and life to invest in you, which in itself proves the CEO's charisma and business viability.

Team entrepreneurship brings with it obvious benefits of job sharing, collective intelligence, and psychological support. I really admire the pioneering team's long-term joint venture. I have contacted the enterprise, in general, more than 5 teams, with more than 5 years of entrepreneurship, have been successful. Simply put, the product of the number of core founding teams and the number of years of common entrepreneurship means that the total length of the business, more than 20 is very remarkable. This is the highest benchmark for your team building.

At the same time you can also imagine that the core team adhere to long-term joint venture, will be very difficult. Not only need each other's compromise and cooperation, but also the key is that each member should overcome the weakness of human nature. This has also led to the division of the team into the first major killer of startups.

So from the point of view of avoiding the first major failure factor, you can also argue that you don't necessarily need a team. Anyone can replace, except you.

The Xu of today's capital stresses the importance of the founder of the core CEO and speaks hard enough: "Don't be afraid of executives leaving." Truly loyal or with the company to fight with the people. It takes time to accumulate executive loyalty, so it's nothing to walk a few executives, and I don't think the VP has any core competencies as long as the founder is still there. Enterprise founder is the core competitiveness. We have also seen the traditional entrepreneurs in Jiangsu and Zhejiang, most of them are one boss, single fight out. So come out with a minimum benchmark.

In the field of Internet entrepreneurship, few people have a variety of skills, coupled with the acceleration of information transparency competition, so the founder team will generally be a combination, such as products and technology, the fewest combination.

I also often encounter a single entrepreneur who is struggling to find a co-founder to build a team. My views on this matter are:

1. Don't do it. will be accompanied by great pain. I guess entrepreneurs rarely go to the direction of entrepreneurship, must be full of confidence in the direction of entrepreneurship will start a business. In fact, co-founder is more important than entrepreneurial direction, because the direction of entrepreneurship is easy to change, and the replacement of the co-founder will be a mental and haggard. So some people even find a team partner first, then confirm the direction. In this state, teams are more likely to converge on each other's identity, which is a strong bond in the long run.

2. Spend a little more time. Many entrepreneurs are shouting "people, people, people" all the time, but in fact, they don't spend enough to find, plan, think, and interview enough candidates. Technology and product entrepreneurs are easily immersed in things they love, and the key but not-so-urgent options, such as finding partners, tend to drag on.

3. Solve the problem in the process. If you can't find your partner, you don't have to be stubborn about it, you can start by recruiting staff to identify the team members, and in the process through day-to-day training and get along, let the best of them as your partner. The partner you are looking for may be the person you are with.