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Successful Companies Require
Successful Teams
successful companies are run by successful
teams. as a venture capitalist, Jimmy Treybig
analyzes the potential of start-up enterprises
by evaluating the team. he believes that
people are the reason companies become
wildly successful, therefore management
teams that have the following characteristics
are the ones in which he prefers to invest:

The members are smart, highly motivated
individuals who have achieved success
in their life in some form (e.g., sports,
business, etc.).

The members are cohesive and
enthusiastic.

some of the members have start-up
experience. if the management team
thinks just like a much larger, perhaps
similar, company, it will not find the major
differences that let it win. management
teams whose members hail from a variety
of companies and a variety of industries
have stronger cross-functional capabilities
and will be better able to weather creative
challenges.

most of the executive team is in place.
although the management team does not
initially need all of its members in place,
it is extremely beneficial if the ceo posi-
tion is filled. if the ceo has led a start-up
before, that’s even better. if the ceo has
not held that position before, he or she
must have great leadership qualities, be
confident, be a good listener, and have
a record of hiring outstanding people.

The members have diverse backgrounds
not only in regard to company size and
variety of industries but also in gender
and race. if you start without diversity on
your team, it is very difficult to achieve
it later. Diversity is extremely important
to be competitive in today’s worldwide
economy. a team comprised of all white
men will be less likely to relate to, for
example, the chinese or Japanese and
is less likely to take advantage of a signifi-
Jimmy Treybig visits
cant portion of the available outstanding
one of the residents of
people in the workforce. given the world’s
his Austin-area ranch.
diversity, statistics dictate that the best
people are spread among different races,
religions, ethnicities, and genders. and
in today’s global and consumer-driven
markets, white males are likely better
off with input from women and people
of different ethnicities.
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