It is a cliche in venture capital that ‘it is all about the team’, particularly with early stage investments. Some will argue that the market and product are more important, but everyone agrees that having a great team is critical. To give more weight to this point, I recently heard one of Europe’s more experienced VCs describe how his fund used to make investments in companies that had great products in hot markets, but where they weren’t so sure about the team, but they found that those investments rarely ended well and ‘don’t make that mistake any longer’.
So everyone is agreed that having a great management team is important. The tricky thing is working out whether any given management team is great or not.
To read the full, original article click on this link: 50 Questions: How does a VC evaluate a management team? « The Equity Kicker
Author: Nic Brisbourne