Low success rate of start up because many start up teams are weak.

Google jeoffery
May 13 8 Comments

I have many people coming to me with "ideas" for start up that flat out do not work. Their market research was almost zero and their ideas based on personal experiences rather than quantitative analysis. What's more, many aspiring start up founders have nothing to offer to the team: weak background in product management or tech, besides an unhealthy dose of nacisissm.

Over the years I have become more confident that a good team would probably succeed at a higher rate (25% if venture backed) than advertised(https://www.forbes.com/sites/forbestechcouncil/2018/05/30/seven-tips-to-increase-the-odds-of-tech-startup-success/) because of these impractical dreamers.

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TOP 8 Comments
  • Google / Productex-xoogler
    Nontechnical cofounders are worthless unless they can sign the paychecks or build a sales team.
    May 132
    • Booking.com 2ez4me
      I've yet to see a technical co-founder understand business and operations well enough to want to cofound with them. Even when the knowledge is there, it's hard and uncomfortable when doing it day to day without the hiding spot behind a monitor. Also, technical folks can't raise for shit.
      May 13
    • Metromile / EngFoHm60
      Founders need to be able to raise money, thats it, any other skills they possess are bonuses. I’d rather have a killer salesman as a founder than a technical genius, the salesman can just hire as many of those he/she needs if they can sell their business plan/product to financiers.
      May 13
  • Google jeoffery
    OP
    I felt mildly offended when one of them said " you can write the app and get the AI going, I will be the CEO".... And he has no value added to our supposed team.
    May 131
    • Intel / EngWho.Dis
      Don’t be offended, he can spot a rockstar ;)
      7d
  • Google jeoffery
    OP
    No offense to people not in tech. I have seen great sales managers or business strategist becoming founders of successful startups.. I am mostly talking about people who don't have value addedness- those with no background or no proper training and no skill.
    May 130
  • Snapchat AQTG64
    Lime founder is non tech
    May 131

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