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Passion is for pussycats, obsession for founders

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Investors look for great founders teams.

You heard that many times. But what does it actually mean. What constitutes a great founders team.

  1. Team means team. A team of founders is not a founder with a few people joining him or her somehow but multiple founders with more or less equal equity share in the new company.
  2. Founders who are obsessed, not just passionate about what they do. They make anything humanly possible effort to make their idea come true. If they have to move to a different country, they will. If they have to sell everything they posses they will. If they have to live in a shed and have just barely enough to survive they will.

    Passion is for pussycats – obsession for founders

  3. Great founders are truly intelligent. Meaning they have the skill to solve a problem by simply thinking through most of its permutations even though neither they nor anybody else ever had a solution for similar problems.
  4. A team of very diverse skills and behavior. Having a generalist working with two specialists (CEO, CTO, CMO). A doer, an analyst and an detailed subject matter expert are best.
  5. Bold thinking. Not just a hypotheses to grow from 1 to a billion users but a constructed ways and a reasoning why and how to get there. The ability to draw the future like a picture
  6. NO respect for anything existing and definitely not any investors – just doing what they want to achieve
  7. Complete independence of capital. ¬†Great founders make things happen with nothing. To the contrary those who need somebody else’ money to start are definitely not great founders
  8. Founders are typically people who can easily attract others: Attract co-founders, attract customers, attract talents, attract investors…
  9. An unbreakable drive to execute and complete the mission – no matter what obstacle is in their way
  10. High sense of urgency. Great founders do things significantly faster that their competitors. They have no time for anything but run.

 

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