The importance of building a “Dream Team”.
A few days ago I saw a really interesting slide from a presentation made by Dave McClure (founder of lots companies in Silicon Valley), it was called “How to pitch a VC (aka startup viagra)” , and I want to focus on one of those slides which really made it drastically clear how important is to have a great team with you, instead of just having great ideas. Your Team must be filled of superheroes, rockstars, etc. and the most important thing is that they all need to have “balls of steel”.
And when I was reading that presentation, it reminded me my first answer from a VC:
“Sounds great!, send me an executive summary!, oh, I almost forgot, send me a full detailed bio about each people on your team!!!”.
At some point you will be tested about the way that you’ll get your project done by the way you built your team before, and by your ability to find “exclusive” partners and employees!
I heard an interesting phrase a couple of years ago saying:
“It’s more important who’s going with you, than where you are going…”
Taking the right people with you will determine how far are you going to go. It’s not that if you have a clear vision of your goals and so much effort you will get there. It’s a lie, because, if you have the wrong people going with you, you could find yourself fighting the wind on an uphill.
Instead, if you have the right people on your team, they can amplify your vision, they can break your mental limits, they will make you think out of your box and you will probably have a new horizon at the end of the journey.
In coaching we use a very important phrase:
“Nobody goes further than their relationship network allows…”
We live in a relationship world, and this was so true even before Facebook and Social Media appeared. In some way, Mark and the other guys after him knew this and found a way to take advantage from it, and to add value to people by creating great tools that will help us hit the right person, that will help us make our project a successful company.
It’s more important to have a small percentage of something huge than having a big percentage of nothing. A great idea is nothing without a team pushing and pushing hard to make it real. Let them be part of your dream and they will spend their efforts non stopping!. People’s efforts are determined by their mayor compromises.
If your team believes in your project, then you’ll have too many possibilities of having success. Share your vision constantly, and get your people involved. If you have money, pay great salaries, if you don’t, be generous when you share your stock, let them work happy! That must be your mayor investment because their minds will only have place to think how to make your project an art piece, instead of asking themselves if it’s the right place to work.
And my last advice, pay attention to your peoples disadvantages and weakness, and check how malleable are they. If you are aware of this, you will have the possibility to work on those problems, but be sure to have malleable people on your team, and of course be sure they want to keep learning every day!
Matias Paterlini
Post written for YoungTechStars.com
Original URL: http://www.youngtechstars.com/entrepreneurship/the-importance-of-building-a-dream-team
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