Build a Team of Founders Investors Will Love

A startup is only as good as its people. How to choose the perfect partners for your venture.

nvestors may value serial entrepreneurs, but they love serial management teams. A team of founders who have worked together is a treasure, and a team of founders who have previously built a successful startup is a great treasure. Regardless of experience, a highly functional team generally trumps a solo founder.

At Techstars, we’ve invested in over 500 companies. While a few of them were solo-founder companies, the vast majority had between two and four founders. We’ve come to believe that two to four founders is the perfect number, and that at least half of the team needs to be focused on the company’s product. A founding team of four with three business people and one engineer is a sub-optimal configuration—the engineer will spend most of his time responding to the business people...

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http://www.profitguide.com/startup/best-practices/build-a-team-of-founders-investors-will-love-76768