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Building a New Venture Team (New venture team (Built as a new firm, Does…
Building a New Venture Team
Liability of new companies
Lack of track record
Have high propensity
Cannot adapt fastly
Companies often falter
New venture team
Built as a new firm
Does not come together
Group of founder
Key employees
Advisor
Advantages
Bring more talent
Bring broader and deeper
Bring resources
Bring ideas
Psychological support
Disadvantages
May duplicate compliment one another
Team may not get along
Tolerance of rise
Conflict arise
Easily disagree in term of works
The key element of founding team
Team must work together
Haterogenous
Diverse in their ability
Team are not to big
Expertise are similar to one another