Mastery Quiz: The Team

Why is the composition of the team so important to investors? (Select all that apply)

The quality and experience of the team are an indication of the extent of the core founder’s contacts and ability to promote the startup

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Good teams will focus on business and growth issues rather than intrapersonal differences

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Opportunity to build relationships with founders

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A big team will ensure that the investor has easy access to information

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What are the most important hiring criteria that founders should consider when assembling the team? (Select the single best answer)

Qualifications, competence, and commitment

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Interest and availability

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Extensive large corporate experience

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Extensive advisory board experience

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What factors should Founders take into account when considering an Advisory Board? (Select all that apply)

Experience relevant to the business

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Extensive contacts relevant to business’ sales targets

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Advisors should be offered no less than 5% of the business

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The ability of the advisor to commit full-time to the business

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Information