Our venture is specific to health care delivery, which will still require most of these cornerstones. In our case, the Technical Innovator will most likely be a Medical Expert, who can help us navigate as we expand and grow, and act as a sounding board for new ideas. In general, we have limited experience with health care finance, but from what we have done and learned it would be an easy thing to find individuals qualified to help us. As the article states, splitting the earnings of the company equally will provide incentives for future team members, and create strength and empowerment among its founding members.
I thought it was interesting to see how this article illustrated the importance of teamwork at the early stages of a venture's development. Understanding the strength and weaknesses of a team, and recognizing the time commitment necessary (not always needed full time) is an important lesson.
How did this article strike you? Are there any unique differences in the cornerstones needed for your venture?
I thought it was interesting to see how this article illustrated the importance of teamwork at the early stages of a venture's development. Understanding the strength and weaknesses of a team, and recognizing the time commitment necessary (not always needed full time) is an important lesson.
How did this article strike you? Are there any unique differences in the cornerstones needed for your venture?
I think five is a good number but that it depends on your project. The current fad in lean entrepreneurship is a two or three person team. Person one is the hustler; they go out and get the money to keep the company alive. This person has charisma and passion and it often the founder. Person two is the developer; this person has an expertise in making whatever product you are focusing on AKA the technical innovator in this article. The optional person number three is the Designer; this person helps create a product that naturally attracts customers and maintains their attention.
ReplyDeleteI think off the bat that 5 is a lot of people and that someone such as a sales person can be brought onboard after the company has finished their discovery phase in terms of product market fit.