You may have a great business idea, solid financial backing, and optimistic market research, but if your founding team doesn’t have the right balance of personalities, you could soon be closing up shop, says Bernd Schoner, author of The Tech Entrepreneur’s Survival Guide (McGraw-Hill, May 2014).
“Having the right team determines the path and outcome of a new venture more than any decision in the lifecycle of a company,” he says. He speaks from experience--in 2002 Schoner cofounded the radio frequency identification technology company ThingMagic with four fellow Media Lab graduates at the Massachusetts Institute of Technology, and experienced a year of “extreme turmoil.”
To read the original article: The Only 6 People You Need On Your Founding Startup Team | Fast Company | Business + Innovation
