Invest in the Team, not the Plan

17 03 2010

The CEO workshop I delivered here in Singapore yesterday was refreshing for me in all kinds of ways, but not least because of the pragmatic and practical mindset of the participants. One thing that received a lot of affirmation was the notion that collecting objective data on any senior management team you are going to invest in (whether as angel, VC, private equity or acquisition) could save many tears later on. Several of the attendees were significant players in this field and were speaking from experience. They agreed 100% that they would rather invest in a great team with a so-so idea than a great idea with a team of uncertain quality.

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