(Photo via Crimson Studios)
A recent BusinessWeek interview of Caterina Fake, one of the co-founders of Hunch was particularly interesting to me for one big reason: the fact that having the right team was so important. The other factors like timing, location and execution are vital too except if your team just doesn’t sync there’s nothing to drive an initiative forward. It helps if everyone’s got the right background (and commitment) for it too.
Getting the Startup Equation Right – BusinessWeek: “This was also a great team, and they were clearly solid entrepreneurs—they were going to be successful. They had been successful. They had started a company called SiteAdvisor, which they sold to McAfee (MFE) for $74 million less than a year after they started it. They knew what they were doing. Not only that, the team was already in place. I think it’s important for people to take care of the team, to appreciate everybody they work with. In fact, Tom and Chris brought three of the team from SiteAdvisor to Hunch. When you have a working team, it’s very important to keep that dynamic alive.”
It reminds me of my experience on both great teams and not-so-great teams. The differences were illuminating. And the biggest point as Catarina states, “… it’s important for people to take care of the team, to appreciate everybody they work with.” That’s one of the things that makes a real team click.
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