Hello, this is Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.
In evaluating a team, there are elements to look for in a CEO for early-stage companies.
The first is character. The CEO must have integrity and demonstrate character.
Over time, the company will adopt the character of the CEO. If the CEO cuts corners, so will the rest of the company.
The second is confidence. The CEO must have enough confidence in their vision, plan and team, that they can execute.
Starting up brings challenges that require confidence to succeed.
The third is coachability. This is especially true for first-time CEOs in that they don’t know what it is they don’t know. Experienced CEOs understand this better and recognize their limitations.
CEOs who shun advice or forego coaching will run into problems later.
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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.