[ad_1]
When founder behavior takes its turn, there are steps VCs can take.
Usually venture capitalists They say they start a company not just because of the vision, but because they believe in the founder or founding team and think they are the right people to execute the startup’s goals.
But being the right person to bring an idea to fruition has nothing to do with being a good executive or successful startup manager, and investors can spend years dealing with someone who has problems.
Although it’s impossible to predict whether someone will make a good CEO, Cameron Newton, founder and general partner of Relevance Ventures, told TechCrunch that a good indicator of how a founder will perform in the future is how they interact with you during the pitch process. .
“Those kinds of things you pick up right away,” he said. “Do they like constructive criticism or are they defensive? How do you try to punch through your criticism or tone of voice?”
Eric Bahn, co-founder and general partner at Hustle Fund, says that until a founder’s true colors start to show in stress or enter uncharted territory, such as managing a growing workforce.
So, what can you do when someone slips through the cracks, even after taking the necessary precautions?
[ad_2]
Source link