Don’t just back the jockey, back the whole team
Nurturing the right team — not just brilliant jerks and superstars — is particularly important in the incubation stage
In start-up circles you’ll often hear investors talk about how important it is to “bet the jockey, not the horse”. The gist behind this saying is that a great entrepreneur can take a moderately good idea and ride it to success, while an average entrepreneur can run a great idea into the ground. But when it comes to incubation, backing the right team might be even more important.
No matter how talented they are, teams that are at odds with each other can tank a great company. It’s therefore pivotal that incubation involves backing people (and their collective vision) and thus the team dynamic and how it translates into the organisational culture...
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