Well, this came out of a comment on our fund announcement post. Someone asked, what do we mean by a great team. While it is almost impossible to provide a precise definition of the same, I would like to offer some things that we look for. Every team might not have all of them, but these matter (in no particular order):
- Hunger and passion, sense of purpose driving the specific business
- Relevant experience and execution capability
- Alignment of objectives – focus on scale, profitability and value creation/realization
- Team dynamics and ability to work together
- Leadership qualities such as driving change, hiring and developing top talent
- Value system match – Integrity, Intelligence and Intellectual honesty
I could elaborate on each of these, and that would make up a book. I do realize that I might have walked into a minefield with this, but feel free 🙂
Latest posts by Alok Mittal (see all)
- Promoters or Entrepreneurs – A choice for Private Equity players - August 3, 2019
- Startup Marathon Mindset - March 25, 2019
- What’s your Customer Culture? - March 4, 2019
0
Srinivas, excellent 7 points to summarize the responsibility of the team leader (pt.1-3) and attitude of team members (4-7)..
As it is said, ‘Skills follow attitude’..
Great Team definition. I am reminded of my trainer days when I was asked a simple question – What constitutes a great team. I answered it as below-
1. All team members know the goal to be achieved.
2. All team members know their role and what is expected of them.
3. Each team meber understands – individual limitation and collective strengths
4. Each member of the team respects other indivdiuals opinion and decision
5. Ready to ask external help when needed rather than brainstorm amongst themselves to solve every single issue as a team
6. Each member agrees that collectively they can go wrong in their decisions and are willing to accept their mistakes and learn from it.
7. Ambition to move to next level in shortest possible time through hardwork and dedication. No shortcuts.
The education is not a substitute to experience. Education only complements experience.
Betting on a colt in its first race based on pedigree is foolishness without checking what it clocked in heats and training.In Sanskrit there is a saying Panditah Putra Shuntah. We can extend its applicability here as well.