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Commentary & Insights on Entrepreneurship The Top of Mind blog brings an array of editorial views to current events shaping the world of entrepreneurship. Engage, exchange, and expand your own view of the world!

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Is There Only One Formula For Founding Team Success?

Building the right founding team is essential to a startup's success. Founder clashes can destroy young companies and mismatched key players can cloud a startup's direction and stall its growth. So you know you need to hire people you mesh with, especially given the long hours you'll all be putting in during the company's early days. But the first question you need to ask yourself is, "What roles are you trying to put those people you work well with into?"

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Taylor Brown
on October 31, 2014
How People-Problems Can Confound Early Stage Ventures

Some of the very first decisions founders must make early on in their ventures are crucially important to the future of the business. Many of these decisions concern the ubiquitous "people problems" that challenge even experienced entrepreneurs. When should I found? Should I co-found with someone? With whom? How should we split the equity? Bad or ill-informed choices at critical junctures could have significant consequences for startups. In fact, research has suggested that 65 percent of new firm failures were related to problems within the management team.

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Wendy Torrance
on December 13, 2013
Two's (a) Company, Three's a Crowd?

When considering the optimal number of founders for any new entrepreneurial adventure, the calculus extends well beyond simple formulas seemingly supported by observations of startup cohorts within specific industries. Famous technology twosomes that come to mind include David Packard and William Hewlett of Hewlett-Packard, Steve Jobs and Steve Wozniak of Apple, Paul Allen and Bill Gates of Microsoft, Larry Page and Sergey Brin of Google. In these examples, it is widely observed that these buddy teams complemented each other well in the early formative years of their companies.

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Thom Ruhe
on July 30, 2013
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