“The Idea” or “The Team”
Walking around our incubator last week, I stopped in to talk with a younger employee of one of our tenants. In the middle of our chat, he asked me if I had an opinion on the question of what contributes most to a start-up’s success: the product/service/idea or the team developing it and taking it to market.
For those who know me, I have an opinion on pretty much everything. This one however, was a no-brainer. I think I heard a VC in town say it best:
I rather invest in an “A” team with a “B” product, than a “B” team and an “A” product.
Takeaway
I don’t think this is just a cliche limited to just entrepreneurship. There is a universal truth embedded here. If you are interested in growing your company, making a strategic initiative a success, or undertaking any important program of any size, I suggest you examine the strength of your personnel beforehand, and make sure you give them the tools they need to grow.
When I was in IT we had a similar saying: “Good people can make bad applications a success.” The seeds of success lie in your people, it’s up to you to as leader to make sure they get what they need to grow.
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