What’s the key ingredient for making an early-stage startup successful? A great idea? A solid MVP? Unwavering motivation and dedication? Naive optimism? Or maybe just a bit of salt and pepper? 😋 While all these elements play a role, in my humble opinion, the true driver of early success is the founding team. Ideas evolve, and products pivot. Both are malleable and should adapt as needed (we did earlier this year). But what remains critical is having the right team that can navigate these changes, adapt to feedback, and keep moving forward 🏃♀️ Here are some key qualities to look for in a founding team, whether you’re starting a company or investing in one: 🧠 Entrepreneurial mindset - founding members who understand the hustle required to build a company from scratch—long hours, stress, little pay, and initially, minimal rewards. 🔀 Cross-disciplinary skillset - it’s essential for founders to have the combined ability to build, market, and sell the product. Missing one of these skills often increases costs and can lead to a loss of control if outsourced or hired externally. 🤔 Diverse thinking - neurodiversity or at least a mix of different perspectives is crucial. Being able to challenge ideas and strategies constructively and mindfully leads to much stronger decisions. 😁 Keeping it fun - a team that can consistently enjoy each other’s company is vital, especially when the going gets tough. 👫 Shared values - perhaps the most important and often overlooked aspect is a founding team that shares the same core values. This alignment is what ultimately keeps the team united for the long term (I'll share our values next week!). I’m incredibly grateful to be on this journey with Lydia Hartley and Richie Ganney — two unbelievably talented and kind individuals. Thanks for making startup life enjoyable and fulfilling - I couldn't be luckier ❤️ #StartupLife #FoundingTeam #Entrepreneurship #Leadership #StartupJourney
The founding team is the engine of a startup. A shared vision and complementary skills are essential, but the fun attitude should be prioritized as well.
Couldn’t agree more! 👏🏼 65% of start ups fail due to the founding team falling out, so it literally is what makes or breaks your business.
Wasnt planning on shedding tears at work today but here I am. 🤧
Proper sweetheart aren't you 💚
Aw that's nice
couldn't have said it better!
Look at you three ❤️ Great insights Harry ! Would also add that everyone your founding team should be able to share and receive feedback. It’s so crucial when you’re spinning multiple plates at the same time
Dream team
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Great points! 😎 Shared values and a supportive team are so essential for handling the ups and downs