Why Building a Strong Team Can Increase Your Chances of Seed Funding
When a startup begins, it is most often driven by a great idea and some passionate founders. But when investors are to be persuaded, the idea itself will not typically bring in the money. The investors must be convinced that the people driving the idea have the skills, grit, and teamwork required to turn it into a viable business. It is for this reason that access to a good team is paramount in ensuring startups access seed capital. A good team can create investor trust, show execution strength, and indicate that the startup is ready for the long journey ahead. Why Investors Focus on the Team Seed investors are not just evaluating a product; they are assessing potential. At this point, most startups have minimal data, limited traction, and a product that is perhaps still in development. What they are counting on instead is that the team can pivot, learn, and deliver. A complete founding team with technical and business capabilities shows that the startup can d...