Assembling the Startup Team
Posted: 5 Apr 2012
Date Written: January 19, 2012
Nothing can bedevil a high-potential startup more than its "people problems." These problems typically result from choices that founders make as they add team members to their startup team. Three characteristics of startup teams must be aligned for these teams to function well: relationships, roles, and rewards (the Three Rs). Early decisions that founders make about the Three Rs can significantly affect their startup's direction and success. This note explores some of these choices and their long-term implications.
Learning Objective: To educate students about how to assemble a strong, complementary, and effective startup team and how early choices about relationships, roles, and rewards can affect the team's and startup's success.
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