Startup Funding Espresso – Evaluating the Team

Evaluating the Team Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In startup investing, the team is the most important factor pointing to success or failure. Here are some key steps in evaluating the team for your startup investment. Look for examples of execution on the current startup. Execution trumps the idea. If there's no execution, then it doesn't matter how great the idea is. Startups are difficult and often challenging. The team must have the skills to overcome any and all obstacles. Check the team's education to see if they have foundational knowledge in their domain. Next, check their past work experiences. Have they worked at key companies and on relevant projects related to their startup's mission? See how successful their previous projects have been. If their work was in the startup space, how many of their companies achieved an exit, and at what level? Check their passion for the project. Is this startup the one that will go to the moon, or is it just there to pay the bills till something better comes along? Finally, check to see that all the skills needed are accounted for in the team. Consider these steps in evaluating a team for your startup investment. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let's go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Investors check out: https://tencapital.group/investor-landing/ For Startups check out: https://tencapital.group/company-landing/ For eGuides check out: https://tencapital.group/education/ For upcoming Events, check out https://tencapital.group/events/ For Feedback please contact [email protected] Please follow, share, and leave a review. Music courtesy of Bensound.