Friday, October 1, 2010

Matchfounders

I just came across a beta site that has a fascinating premise - when live, it promises to connect company founders with potential team members that both have needed skills and share their goals. This got me thinking that putting together the founding team may be one of the most difficult and important tasks that an entrepreneur faces. One approach is to stock up on friends & family, and this can work very well, or it can lead to conflicts, hurt feelings and "groupthink." On the other hand, taking a mercenary approach & bringing in founding members based on complementary skills is also problematic. Everyone may come together and work toward a common goal like The Dirty Dozen or The Magnificent Seven. On the other hand, it may end up more like The Commitments. I'm not sure there is a "best practice" for founding team formation, but I'll be interested to see if the "matchmaking" approach works.

2 comments:

  1. I started a LLC that focuses on individual projects as separate income streams. As the founder, I only benefit from projects I participate in. Profits and initial outlay are split equally between team members, and I recruit through people I can rely on. Everyone has a day job so I see this as the biggest obstacle in this stage of development. I have recruited the intellectual capital but time is my scarce resource. You can watch the progress at http://www.holmesentrepreneur.com

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