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Importance of Team for raising funds
One of the crucial factors which investors look in before funding is the core team and its strength, this is essential as a start-up cannot afford to have attrition factors in core team, as the investor expect core people to stay and deliver. It’s like having both parents taking care of their new born which only they can take care and it cannot be supplemented by any other. This basic also implies to your start-up.
The importance of team is also important for other reasons like it gives stability to company and team effort is essential ingredient for raising funds. Also we need to understand how ever you may be a multi-faceted personality, there will be weakness in some areas and strong forte in some areas so instead of you alone doing things it would be much better to have one more person with strong forte in area which is your weakness. It’s all about collaborating to maxims every individual’s forte for reaching goals and success.
For e.g your forte is technical and you can also handle marketing and finance with some understanding but the forte required for marketing if it’s handled by a person whose strength is in marketing makes lot of difference for the company.
It’s all about once experience being put to use, in more basic language it’s like forward players only attach, mid fielders supply and defender defend its all about team having strength’s in various fields being put to use in one direction.
It’s like channelizing energy from various segments to one point to generate maximum thrust. But remember when you start you start alone and once you can sell to your team and bring them on board then that itself is the first stone of success.