Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

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Team Dynamics Session by Noam Kaiser, Principal @ Gemini Israel Ventures, for Startup Live Tel Aviv, July 2013 at Google Campus TLV

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Team DynamicsNoam Kaiser

2

Hi! Principal @ Gemini Israel Ventures Investment Manager @ Naiot Venture Accelerator

Founder & CEO VentureApp (Now part of Balink)

New Media Manager @ Yes Satellite TV, Eurocom group Liz’s husband, Jonathan, Ram and Alona’s dad

And then there were 4…

3

TEAM

What are investors looking for?

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ROI NEED

COMPETITION

BUSINESS MODELINTELECTUAL PROPERTY

BUDGETWORK PLAN

PITCH/DISRUPTION

PHASE

MARKET

A GOOD STORY WITH SOLID STORY TELLERS

Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience

Does our team have the dynamics that matchwhat investors are looking for in a team?

Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience

Does our team have the dynamics that matchwhat investors are looking for in a team?

It’s less about how much you know, It’s more about how well you know it. Does our team nurture excellence? Do we have expertise?

Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience

Does our team have the dynamics that matchwhat investors are looking for in a team?

This town ain’t big enough for the 12 of you… Have we built the A-Team? Do we have two/three of a kind?

Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience

Does our team have the dynamics that matchwhat investors are looking for in a team?

If the team, or part of it, conveys the slightest doubt regarding their ability to hit a home run, it will show. Is our team on board? All the way? Really?

Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience

Does our team have the dynamics that matchwhat investors are looking for in a team?

There is no bigger turn off in a meeting with entrepreneurs, than picking up on internal mistrust Do we trust each team member to deliver? Do they know it?

Does our team have the dynamics that matchwhat investors are looking for in a team? Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience

A broken team is a broken startup. No way around it. Do we get along, especially through turbulence? Do we resolves issues, or ignore them?

Does our team have the dynamics that matchwhat investors are looking for in a team? Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience

Oh great…another team full of CEOs. Do we have clear and defined leadership? Are we aligned with it?

Does our team have the dynamics that matchwhat investors are looking for in a team? Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience Couldn’t think of a better word for “capable of accepting constructive criticism” Do we listen?

Does our team have the dynamics that matchwhat investors are looking for in a team? Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience …Ugh Great plan. You do realize it’s not gonna happen right? How are we at handling change?

Does our team have the dynamics that matchwhat investors are looking for in a team? Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience …Ugh

What if we don’t have experience?

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$30, 000,000

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30, 000,000

17

What if we don’t have experience?

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$30, 000,000Nick D’Aloisio 17

What if we don’t have experience?

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$30, 000,000STARTUPSTART