Startup Funding Espresso – Invest in the Capable

Invest in the Capable Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. The team is often the key indicator of a successful startup. In startup investing, look for competency and experience in the team. Competency and experience can be a relative thing. There's an old saying in the angel world, Invest in the A team working on a B project. The team's skills are more than enough to accomplish the task at hand. For the startup under consideration, understand well the skills required for it to be a success. Look for the skills needed in the business, the technical, and the domain area. Missing key skills is often the cause of startup failure. Most everyone's resume shows extensive experience and knowledge. Test out the team's skills by asking questions and giving them a task. Test to see how they solve problems and how they think. Look for how well they know the space and what is going on in it. The ideal team is one that needs no additional help from the investor. Invest in the capable where possible. For all other startups, be prepared to fill in the gaps. 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.