TEAM: THE KEY TO SUCCESS


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TEAM: THE KEY TO SUCCESS
1010206 TEAM: THE KEY TO SUCCESSGeorges Doriot, the father of venture capital and founder of American Research and Development Corporation (the first modern-day venture capital firm), said that he would rather "back an 'A' entrepreneur with a 'B' idea than a 'B' entrepreneur with an 'A' idea." He reasoned that an A team could more easily mold and reshape a B idea into a winning opportunity than a B team could execute on an A idea. Therefore, the team section of the business plan is often the section that professional investors read after the executive summary. Thus it is critical that the plan depict the members responsible for key activities and convey that they are exceptional people with integrity, knowledge, and sk…
Citation
Andrew Zacharakis, Ph.D.; Stephen Spinelli; Jeffry A. Timmons, D.B.A.: Business Plans that Work: A Guide for Small Business, Second Edition. TEAM: THE KEY TO SUCCESS, Chapter (McGraw-Hill Professional, 2011), AccessEngineering Export