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Here are the results from the same 2016 NBER study we quoted earlier:
Items such as competence and prior industry experience were probably expected.
How about passion? Or the fact that prior entrepreneurial experience ranks so low?
One crucial factor that is a subtitle here is the complementarity of the team members: founding teams should make sure they have the proper mix of competences (such as salesmanship and technicity) but also of character (introvert and extrovert, patient and impatient, driven and cold-blooded).
In the long term, friendship or similarity of character is not the best guarantor of success for entrepreneurial ventures. Having a wealth of experiences and ways to approach a problem is a better asset.
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1. Question
Write down important qualities you believe founding teams should have to succeed, according to venture capitalists.
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