The founding team is vitally important to the success of any startup, and indeed, some studies argue that the founding team is more important to the success of the startup than the product itself. That’s largely the ethos behind accelerators such as Entrepreneur First, who back exceptional people and help them turn their intellect into marketable products and successful businesses.
Rotman research from a few years ago highlighted the vital role the founding team played in the success of the business, due in large part to the breadth of knowledge and experience required to run a successful startup.
“A founder’s individual characteristics are important but what’s more important is
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