Management is KEY to any investment.
A “C+” project with “A+” leadership is often viewed as a less risky investment than an “A+” project with “C+” leadership.
Be prepared to answer these type of questions:
Who is the management team?
What is the experience of each person on the team within the industry?
What is each person’s success with projects/companies at this stage?
What key positions are empty and what are the plans to fill those positions?
Keep in mind that it is critical to carefully consider the team you are building to fill in the key management skills that are lacking. Friends and family may not be a fit.
Leadership experience matters!Share