Questions

How can I build the team of a startup studio?

I want to build a new startup studio, so we can build many companies at the same time. What are the most important points to consider?

3answers

Team is the most critical component for a venture builder organization. You need to hire people who have the right "studio mindset", who accept your vision and operating procedures and who can work on multiple startup initiatives in parallel.

Also here you can find some more hints about CEO selection for the portfolio companies:

https://medium.com/@aszig/startup-studio-advice-1-how-to-build-the-founding-team-of-a-studio-938efd0caffe#.4hb3n7jy8


Answered 3 years ago

Team talent. You need breadth + depth.

Breadth of experience to cover all issues and eventualities. No matter what question comes up, somebody on your team ought to be an answer ... or, at the very least, know enough to find and evaluate someone else's answer.

Depth of experience is equally important. Don't listen to anybody who isn't a specialist. Plenty of smart people are over-confident outside their area of expertise. Ultimately that means listening to gossip, hunches, received opinion.

No single person is simultaneously a hammer, a screwdriver, and a saw. Get us all inside that toolbox! And make sure each tool is high quality.

When you don't have quite the right expert / tool in your kit, don't cut corners by pulling out screws with ill fitting pliers. Slow down! Borrow the right tool! Clarity.fm can extend your team's expertise on an a la carte basis.

My own professional specialty is naming and the domain market. And I'm quite interested in collaborating with startup studios. Talk to me.


Answered 3 years ago

Aligned interests and motivations are key for this to be successful. First and foremost, who and how will this be funded? If you'd like to create a team to execute on multiple startup ideas at the same time, they'll want to be compensated as you'll have no traction or revenue day one. Also, the best people you'll want on your team might not be interested, as the best like solving difficult problems and now throwing sh*t against the wall and seeing if it'll stick.


Answered 3 years ago

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