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When I first stumbled upon the venture capital world as a startup mentor, I was under the conviction that a business’s success depended on only the idea, market and funding. It seemed logical that finding the perfect combination of these elements would guarantee success. However, over the years, I’ve realized that the most critical factor is the team.
People really make or break a startup. Even the most promising project with a brilliant idea can crumble due to internal conflicts. More fundamentally, much of what can hamper startups can be fixed if discovered earlier.
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