VC's obviously want a team that isn't simply capable of launching a site and get 10.000 users. They're looking for a team that can make it into a business that's worth millions.
Not many teams can do this. So yes, people matter, both in the very earliest stages, mature companies and everything in between. If you don't believe me look at Apple's stockprice every time there's a story on their CEO's bad health.
The team that built a site and got 10.000 users may not be capable of driving it forward to a real large-scale business. Maybe they just got lucky, maybe they don't really care for the money but just want to have fun, maybe they have no idea how to manage other people. The team in a companys earliest stages doesn't say a lot about how well they will perform in the setting of a larger company, which they will hopefully become.
VC's obviously want a team that isn't simply capable of launching a site and get 10.000 users. They're looking for a team that can make it into a business that's worth millions.
Not many teams can do this. So yes, people matter, both in the very earliest stages, mature companies and everything in between. If you don't believe me look at Apple's stockprice every time there's a story on their CEO's bad health.
The team that built a site and got 10.000 users may not be capable of driving it forward to a real large-scale business. Maybe they just got lucky, maybe they don't really care for the money but just want to have fun, maybe they have no idea how to manage other people. The team in a companys earliest stages doesn't say a lot about how well they will perform in the setting of a larger company, which they will hopefully become.