Vision Match with Venture Capitalist (?)
It is very important to partner with the right kind of team when you are building a world class enterprise.
Basic tenet of business is everything changes always. Hence you need partners who can match and keep in step with the change in vision. You will loose a lot of precious time if instead of rational defence of the vision - lot of time is wasted on irrational arguments.
When you potentially have investors who cannot match the speed of business and are more incremental thinkers - Business does get paralysed. Even though the business is doing incredibly well - The time and energy it takes to take the big leap and cross chasm cannot be underestimated. If that energy is chanelised only to facilitate an exit - A lot of time and energy is wasted.
Currently my own experience is such that if the amount energy I spend in facilitating an exit is chanelised for the betterment of the business - the return on investment of time could be stupendous. But on the other hand - getting the wrong folks off the train may be equally more important in the long run.
Basic tenet of business is everything changes always. Hence you need partners who can match and keep in step with the change in vision. You will loose a lot of precious time if instead of rational defence of the vision - lot of time is wasted on irrational arguments.
When you potentially have investors who cannot match the speed of business and are more incremental thinkers - Business does get paralysed. Even though the business is doing incredibly well - The time and energy it takes to take the big leap and cross chasm cannot be underestimated. If that energy is chanelised only to facilitate an exit - A lot of time and energy is wasted.
Currently my own experience is such that if the amount energy I spend in facilitating an exit is chanelised for the betterment of the business - the return on investment of time could be stupendous. But on the other hand - getting the wrong folks off the train may be equally more important in the long run.
posted by Shiva Ramani at 12:56 AM
1 Comments:
Getting the right people on (and the wrong people off) the train:
1) Take a cue from amusement parks - make your "train" worth riding! Good people will voluntarily queue up to ride. Management theory calls this "becoming the Employer of Choice".
2) Figure out how to identify the "right" people. A great attitude and the willingness to learn are good places to start.
3) Lastly, before jettisoning those already on the train, believe that they can grow, and give them every opportunity. If they make it, you'll have lifelong converts; if they can't, both of you will know and you'll be spared the trouble.
Regards,
- Nani
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