Backing Winning Teams

Author: Jeffrey Bussgang.
Source:. Backing Winning Teams.

One of the most complex of characteristics that have to guess the investor, this is what makes a successful project team?.
Most venture capital company has recently been thinking of investing in one of my portfolio companies in the next round of investments, and shared a very interesting information with my CEO. It turns out that the only interaction point for all projects was viewed by hundreds of simple and obvious fact that the only - if the team had already reached a success and has received financial result, it is likely that they will repeat their achievements.
Create a company from scratch is very, very difficult to. Most often, the company burst. and disappear at the beginning, like soap bubbles, or from the deep problems that interfere with the beginning of the project. Professor at Harvard Business School, Bill Salman (Bill Sahlman) in his fundamental work ... What do venture capitalists?. ...
And of course, it is logical to assume that the team has already achieved success as a whole core to be able to do it again, putting their knowledge, skills and abilities.
This perspective is one of the arguments in. Our new investments called SaveWave. The company spun off from my old company Upromise ( SallieMay purchased in 2006 ) and managed by a team with which I have been working 10 years. The SaveWave team has created and managed a successful and very profitable Internet company and formed a national network of grocery retailers and Drug Administration, consisting of 22 000 shops. I'm really excited because I have the opportunity to work with this company, and took to the work of this network, to develop the implementation of the model white label ( sale of goods or services under its own brand seller) and the introduction of digital coupons in the industry.
Among the investors, along with Flybridge Capital - First Round Capital (Josh Kopelman), IA Capital (Roger Ehrenberg), Ron Conway, Founder Collective and Upromise founder / former head Michael Bronner.
So, what lesson should be learned for entrepreneurs who have not yet achieved great success? . Natives of the most successful start-ups are at the origins of many other interesting projects and companies. Please note that to join a team of champions, and work with it not only as part of its role in the project, but also outside the scope of most, there gorazdno more important than simply fulfill their responsibilities in the project.

Translated for the blog dennydov. blogspot. com.
Edward Svistunov. @ symphonius.

Permission is granted to copy this material, indicating a hyperlink to the source:. http://dennydov. blogspot. com /.