The TEAM

What do you think goes into making a good team?? National Entrepreneurship Network Role of TEAM in a Tech Venture

National Entrepreneurship Network Essentially two things define a good team Diverse Backgrounds Multiplicity of Skills Team Competence

Usually technology entrepreneurs prefer to work alone rather than a team but A study done by a professor from Stanford University- Ed Roberts, shows that the ‘Likelihood of technology driven start-ups succeeding, increases dramatically if there 3 or 4 founders rather that one’. National Entrepreneurship Network Number of founders

1.Mission, Aspirations and Propensity for Risk 2.Ability to execute on CSFs (Critical Success Factors), Past demonstrated record 3.Connectedness- up, down and across the value chain Seven Domains Framework from The New Business Road Test by Prof. John W. Mullins, London Business School National Entrepreneurship Network What should entrepreneurs and investors consider in a founding team?

What level of aspirations do you have for your entrepreneurial dream? What sorts of risk are you and are you not willing to take? What are the Critical Success Factors required in this Industry? Does your team have it? Who do you and your team know across the value-chain among your customers, suppliers, competitors and substitutes? Questions to ask – Evaluating your team Seven Domains Framework from The New Business Road Test by Prof. John W. Mullins, London Business School

Lets Team-Up!! National Entrepreneurship Network

The game is designed to use crowd sourcing of knowledge to determine the right fit and team members for the various roles/functions in the startup In a close knit startup team, members might be averse to share their judgment/opinion in an open forum and this game works well in such situations to effectively bring out preferences for team composition National Entrepreneurship Network Game

Write down: 1. Who in your team is most effective and suitable for a particular role 2.Who in your team is NOT suitable for that role 3.Who in your team can play the role with some training Please do this across all the roles listed and yes- You can write your own name too National Entrepreneurship Network What you need to do

National Entrepreneurship Network

Desired Outcome: The entrepreneur/team leader should get a good idea of who should be on what team The game can also give deep insights into who the team feels is not a good fit for a particular role Post Game: The facilitator or entrepreneur can analyze the filled up worksheets and decide on the relevant roles that each team member can be assigned National Entrepreneurship Network

Considering the age of your students- do you think they could make informed decisions on assigning roles to other team members without a tool? Why did we ‘crowd-source’ knowledge? Don’t you think it is a very democratic way of assigning roles? National Entrepreneurship Network Discussion Questions

Building a Winning team National Entrepreneurship Network Video