Must-read for entrepreneurship: The most common way to form a start-up 188bet login、The 10 deadliest pits

Industrial 188bet login Author of 188bet login article: AA Investment 2015-07-16
In the process of AA investment contacting a large number of angel-stage start-up teams,Discovered many problems that startup teams have in 188bet login building,These problems will become the shackles of the development of enterprises and even the direct reasons for the collapse of enterprises。

If time goes back to 5-10 years ago,One person starts a business and establishes a company,It is still relatively common to gradually introduce other core 188bet login members as the company develops。But with the intensification of entrepreneurial competition、The pace of entrepreneurship is accelerating、The competition for talent is intensifying,The phenomenon of multiple founders jointly starting a business has become a recent trend。And from a practical perspective,The success rate of joint entrepreneurship is much higher than that of individual entrepreneurship。Especially when competition is fierce、IQ, emotional intelligence and financial intelligence are everywhere、The TMT industry where every 188bet login must run for their lives,It is even more impossible to find people slowly as the company develops。Therefore,How to do it within a limited time、It becomes a new challenge to quickly form a streamlined and excellent entrepreneurial 188bet login within a limited circle of contacts。

Our AA investment is in the process of contacting a large number of angel-stage start-up teams,Discovered many problems that startup teams have in 188bet login building,These problems will become the shackles of the development of enterprises and even the direct reasons for the collapse of enterprises。So we consider the most common、List of the 10 most deadly pits,Hope to alert entrepreneurs and help start-up teams。

The examples used below are actual cases seen by our AA investment 188bet login during the process of contacting start-up teams,Many are very dramatic。In fact, life is often more dramatic than film and television dramas,Because life is often the best screenwriter。

1. Where is the 188bet login?

Liu Chuanzhi once said:“The leader is like the number 1 in Arabic numerals,With this 1,Bring a 0,188bet login 10,Two 0s equal 100,Three 0s are 1,000。”This sentence well summarizes the importance of the boss in the company。On the surface,Every start-up 188bet login will have a nominal boss (in most cases, the CEO),This problem seems to be nothing to worry about。But in fact,Startup companies often have the hidden problem of missing the boss,Mainly include the following three situations:

1. The senior executives are disobedient and the nominal 188bet login does not have enough prestige.Most of the people recruited by the boss are old acquaintances of the boss,This in itself is not too problematic。However, if some 188bet login members are due to various reasons (such as the boss’s old leader or teacher),Think that you are more capable than the boss,A heartfelt lack of respect for the CEO,In the process of 188bet login communication and discussion, he intentionally or unintentionally reflects his own sense of superiority and spreads distrust of the boss,It will bring great difficulties and obstacles to 188bet login management。In this case,You should understand that partnership entrepreneurship must not be a "Chinese-style partnership",Too many emotional factors and Lao Huangli’s self-understanding occupy the position where rational factors should be。Interested friends may wish to read Yu Minhong’s recent speech: "Yu Minhong reveals his entrepreneurial scars and reveals the secrets 188bet login equity distribution process》,Experience the suffering and difficulties that Lao Yu endured。

2、The CEO of the 188bet login becomes the opposite of the entire 188bet login,Become a recognized troublemaker within the 188bet login and the source of all the 188bet login's problems。Although the CEO should be responsible for all the company's problems,But if the company appears to be "accused of by thousands of people",A situation where all problems are solely attributed to the CEO,Still weird。If the above situation is just a matter of individual company executives being disobedient,This situation means that everyone in the company lacks basic respect for the CEO。For example,Several companies we invest in prefer technical personnel from a certain company,Because their engineers perform very well: they have excellent technology,Serious attitude。Theoretically speaking, such a company should have great prospects,Why is everyone looking for opportunities outside?Ask later,Almost all employees in the company agree,Everyone says that the company’s technical atmosphere is very good,But the CEO is a typical unreliable person,Lack of entrepreneurship、Management、The basic ability to unite people's hearts。Lack of a leader who can convince the crowd,188bet login only a matter of time before this company falls apart。

3. The power is divided in half. The two of them jointly start a 188bet login and each manages a share.Those who can run a business and start a business must be more thoughtful and strong people,So if there are two such people starting a business together,What will happen if everyone takes charge of their own business?As the saying goes,One mountain cannot accommodate two tigers,Two equally strong and equally capable people often find 188bet login difficult to achieve long-term cooperation and harmonious coexistence。The author once invested in a company jointly started by two talented people,The two people’s shares in the company are about the same size,The power structure is also too equal。These two great people work together,The company has grown to a scale that can be listed on Nasdaq in three years,Then because of a little setback,The two began to complain to each other、Pinch each other,The final result can be imagined...if there is a time machine,Then the author will definitely go back to the early days when the two started their business,Tell them: average cannot always be the optimal solution,A company still needs an absolute leader。

2. The share structure is 188bet login dispersed and average

In an era where individuals lead entrepreneurship,It is not uncommon for founders to personally own more than 80% of the company before financing。But as joint entrepreneurship becomes mainstream,Company shares need to be allocated among multiple 188bet login members,CEO’s shareholding ratio decreased significantly。Among the projects we have seen recently with AA investment,Some CEOs’ shareholding ratio before financing is even less than 35%。

In fact,From a mid- to long-term perspective,Too scattered、The average ownership structure may be a hidden concern for the company,Even becoming a "hidden mine" on the company's development path。Our AA investment advice: before financing,The CEO’s shares should preferably be no less than 60%。After angel financing,The CEO can also hold more than 50% of the company's shares (careful readers can deduce 188bet login,The diluted shares of angel rounds usually do not exceed 20%,So angel investment is a very difficult business)。

The start-up 188bet login must elect a clear leader (CEO) to be the absolute majority shareholder。If you are in the early stages of starting a business,Everyone’s contribution and conditions are similar,It is recommended that the CEO obtain higher equity through personal capital injection into the company。The obvious advantage in shares is also very helpful for the CEO to establish influence and voice within the 188bet login。But at the same time,The CEO cannot hold too high a share ratio,Need to set aside shares for the founding 188bet login,Also leave room for options for employees and subsequent core members。

3. Failure to formulate game rules and withdrawal agreement in advance

Why 188bet login companies form "buddy partnerships,Disband like an enemy”?

When starting a partnership,Mostly because of sympathy、Same concept;There can be many reasons for parting ways: someone promises to bring orders and resources,He disappeared after getting the shares;Some people are not adapted to the life of entrepreneurship,It didn’t take long before I quit and returned to my 9-to-5 working life;Some people say it in wildly exciting terms,But as soon as he started to take action, he was beaten back to his original shape;There are still people who are very capable,But can’t get along harmoniously with the 188bet login。

In order to protect the interests of the 188bet login and all shareholders as much as possible when this dilemma occurs,Before starting a business, you must say ugly words in front of you,Sign the withdrawal agreement in advance,Clear the relevant terms for share processing and transfer under different exit situations、Mechanism。If you consider your "brotherly" feelings before starting a business,No clear provisions on the response and adjustment mechanism after problems arise,Once adverse circumstances occur,The 188bet login and remaining shareholders will be trapped in a passive situation。This is like everyone signing a divorce agreement before getting married,Sounds very sentimental,But 188bet login may be the best protection for each other。

4. 188bet login backgrounds are too close

During internal discussion within the 188bet login,If two people always agree,Indicates that at least one of them is redundant、Can be removed。However, when forming a start-up 188bet login,Many people tend to forget this,When forming a 188bet login,Absolutely recruit 188bet login members based on their preferences and identity。

I often see that the main members are from the same school、Same company、Or a company in the same place。A typical example of excessive grouping,The school is Tsinghua University,The region is Hunan。I received a BP last week,The founding 188bet login has 8 people,The first 7 are all Tsinghua alumni,How can you make the remaining "alternative" with a tail feel so embarrassed?As a Tsinghua alumnus,On the one hand, I am also moved by the mutual recognition and cohesion among our alumni,But on the other hand,But I have to worry about this company: the backgrounds of the core 188bet login members are too consistent,Easy to form an “inner circle”,People outside the circle,No matter how powerful you are、No matter how high your position is, you will still feel like you are on the periphery。What’s more important,A 188bet login that is too closed,Its vitality and adaptability are limited。

I really like this lyric from Beyond's "Glory Days": "The beauty of colorful flashes,Because it doesn’t have,Separate each color”。We sincerely hope that every start-up can form a 188bet login with diverse backgrounds,Eclectic、Open、Equality、Free culture。

5. A CXO fell 188bet login sky?

Startup companies only have a few guns,Everyone has to play his or her own role or even several roles,Anyone who delays will directly affect the overall process,Every entrepreneurial partner is crucial。So be sure to be cautious when choosing candidates、Consider 188bet login carefully,Try your best to find the right candidate,We can’t expect a CTO to fall from the sky today,A COO will be appointed in a few days... I feel free to decide who will be my business partner,There is no doubt that a ticking time bomb was planted in the company from the beginning。

But,There are still many CEOs who are outrageously casual when choosing entrepreneurial partners: someone is jogging in the community,Meet a neighbor you can talk to easily,Ignore the other person’s background、Character、Age and other factors,Although he doesn’t understand business at all,I have no experience in the industry either,Just pull him over and be the CXO,How far can such a two-person partnership go together?The question mark here really needs to be bolded, underlined and enlarged。There are still people who don’t care whether the new company’s business is consistent with that of the original company,Poached the entire 188bet login directly from the original company,I don’t think about whether it is appropriate to do so,Then as this 188bet login travels around the world, will their own employees imitate it??

6. Rushing to start a business with unfamiliar 188bet login

Many people will struggle: when forming a 188bet login,Is looking for the root of knowledge,But ability、Experience、Acquaintances who are slightly lacking in personality and other aspects can be business partners,Still more proactive in looking for more suitable 188bet login members?In order to build a more effective 188bet login,Need to open vision,Looking for suitable entrepreneurial partners in unfamiliar circles。However,The premise is that new people must be carefully screened before they officially join,Perform some running-in first,Know yourself and your enemy。Generally speaking,The talented people found in this way are often unfamiliar to you,So what should we do?This requires doing a good job in advance,Understand your prospective entrepreneurial partners through multi-faceted investigations and multiple in-depth communications,In order to achieve familiarity and understanding with each other in the shortest possible time。Here are some practical ways to do it:

1、 Talk more times,Take more time to talk thoroughly each time,Talk more about 188bet login and work details。I have seen many typical face bullies in different companies over the years,They performed well in the interview,Very impressive,So you can often get good positions,But the actual ability is very average。In fact, 188bet login easy to distinguish such people,Ask more details about the business and listen to see if his answer is meaningful。Just ask for details,Mr. Nanguo is actually very easy to reveal his true colors;

2、 Multiple scene contacts,For example, let’s play skewers together、Drink tea、Mountain climbing、Play ball、Playing cards、Drinking, etc.,Talk more about things that have nothing to do with work,Make a comprehensive judgment on entrepreneurial partners 188bet login different scenarios。In addition,Important partners must have contact with each other’s family members or prospective family members,Because entrepreneurship is not just a job option,188bet login also a lifestyle choice,188bet login difficult to persevere without the support of family;

3. Talk to 188bet login advisor.This consultant can be an individual with rich experience in the 188bet login,Can also be your investor。I once joked,Investors are people who professionally deal with CEOs。The nature of investors’ work determines that they need to contact different talented people,After reading countless people,The ability to recognize people will naturally be higher。In fact,One of the focuses of our post-investment service work at AA Investment is to help find or monitor people for invested projects;

4. Do a 188bet login check.Background check is a very effective method,Especially if you can find and understand the other party、Someone who has a sharp vision and is willing to be honest with you,Will get twice the result with half the effort。The reason why I put this at the end,Because you need to be able to use the first three methods,The ability to eliminate 95% of landmines;At the same time,188bet login not possible to find the right person to do a background check in all cases。So,In order to find a suitable entrepreneurial partner,Entrepreneurs need to plan in advance,Expand your network。

7. Form a luxurious 188bet login from the beginning

Some entrepreneurs are more idealistic,I wanted to form a dream 188bet login from the beginning。But actually,Dream teams often end in disastrous defeats。The reason is simple,Choosing the lean startup method in the early stages of starting a business can maximize the probability of survival,If you do the opposite, your death will be accelerated。Start-ups have limited funds,Every penny must be spent wisely,Otherwise the small few million of Angel Wheel would not be enough to burn in half a year。Therefore,Start-ups cannot have too many people,As long as it can meet the basic needs,Otherwise it will increase internal friction,Cause unnecessary trouble。

When forming a 188bet login,If you seek perfection and seek perfection,There will be two main problems:

1、The background of the 188bet login members is too good,Exceeded the company’s early business needs。We sometimes see some entrepreneurs choosing business partners,It must be the management of a large company in the same industry to join,Otherwise it doesn’t seem to be tall enough。However,People who are used to managing large companies,Not necessarily grounded,You may not be able to roll up your sleeves and do it yourself,So doing business may not necessarily be as easy as in a large enterprise。At the same time,The human cost of management of large companies cannot be afforded by start-ups。Also,Everyone has a similar background,No one will obey anyone,It will increase unnecessary internal friction in terms of 188bet login share ratio and leadership rights。Of course,If you are someone like Lei Jun,It is a step ahead of the talented people,You don’t need to worry about this problem。

2、The 188bet login is too perfect,Various keys、All non-critical positions are in place。Some entrepreneurs seem to have been divided into hierarchies based on their past experience、The job definition is brainwashed: even if the company only develops products in the first half year of its establishment,Also prepare marketing and marketing personnel in advance。What’s worse,Some teams doing angel financing,Already has a CFO。For this kind of 188bet login,We generally remain vigilant。

8. Introducing 188bet login who are not useful

We have met some teams before,At first glance, the background of the 188bet login members is very good,And the experience and connections are exactly what the company needs for business development。But after a detailed chat with the 188bet login members,Discovered that is not the case,Some 188bet login members’ backgrounds look very impressive,But when it comes to business details, it’s full of loopholes。

In large companies, it is inevitable that there will be people who are just trying to make up the numbers,But for small companies,If Mr. Nan Guo is hired for key positions,That could very well be a disaster。What’s worse,The business model of some entrepreneurs is 2VC (there are three business models,2B respectively、2C、2VC),To negotiate a good price when raising funds,We want to recruit into the 188bet login even though we know it is Mr. Nan Guo。I have a buddy who is starting a business,Once I went to discuss business with their 188bet login,When I came out, I couldn’t help but remind him that Mr. Nan Guo was on the senior management 188bet login。His reaction surprised me,He said;“I know,But his background is good,Easy to gain investors’ approval”。To this,I beg to differ。We at AA Investment are doing 188bet login interviews,If Mr. Nanguo is found,The red light is going to be turned on。Because from one aspect,188bet login is an important and necessary condition for entrepreneurial success;On the other hand,The effort of selecting people is also a core part of our assessment of CEO abilities,Mature investors will not consider issues solely from the background of 188bet login members。

9. All members are part-188bet login entrepreneurs

Entrepreneurship is a way of life,Once the gunfire rings out in the market,I’m about to run for my life。In the days of starting a 188bet login,Everyone wishes they had 48 hours every day。9 to 5?That was a long, long time ago。

a few years ago,There are still many people who start their own businesses part-time,Resign after you are fully prepared。But recently,With the development of the market environment and the accelerated pace of competition,If you see a market opportunity,As long as we judge that the market explosion is not too far away,Please don’t hesitate,immerse yourself in 188bet login as soon as possible。otherwise,When you feel ready to start a business,Maybe there are already hundreds of competitors in the market。

We once saw a project,188bet login an app made by a programmer in BAT,His product was launched more than half a year ahead of others,Acquired millions of users without any publicity or promotion,And user feedback is very good。But,In the end we still didn’t invest,Because he planned to resign to work on his own project full-time,There are several similar apps on the market that have received large amounts of financing,And the market share is already ahead of him。This kid is a typical example of missing out on opportunities because of part-time entrepreneurship。

10. Recruit 188bet login who have shortcomings in life

If the core members of the entrepreneurial 188bet login have the following problems,will become an obstacle to 188bet login unity。

1、 People with questionable character,This kind of person not only destroys himself,Also affects the culture and atmosphere of the entire 188bet login;

2. 188bet login who like corporate politics too much;

3. People who are too difficult to cooperate with the 188bet login.

Startup,Recruitment is a very important job,It is also one of the three key points that founders need to put great efforts into (188bet login、Financing and Strategy)。But recruitment is a technical job,It is necessary to develop a sharp eye in long-term work,And refer to the 4 suggestions in Article 6 of this article to quickly make a comprehensive judgment on the candidate。

In terms of selecting 188bet login,YC founder Paul Graham gave a good practical advice:If 188bet login are communicating with candidates,If the other person looks impressive,But 188bet login personally always feel doubtful,Then,188bet login have to trust your intuition。

Summary

There is no perfect individual in the world,But there is a nearly perfect 188bet login;What entrepreneurs need to do,It is to build a 188bet login that can survive difficulties、The more you fight, the braver you become、A 188bet login that can continue to learn and ultimately win。

A good entrepreneurial partner,Will face the difficulties when the company is in trouble and help the company to take off;Same,An unqualified partner,Not only will it delay the fighter plane,More likely to bring disaster to the enterprise。For entrepreneurs,Choosing a business partner means you will share weal and woe with him for several years to come,Jointly decide the direction of the company in the next few years。So you need to choose consistent inner values、Entrepreneurial partners with complementary capabilities,And by setting the rules in advance、Frank and sincere communication and mutual tolerance,Strive to build a 188bet login full of combat effectiveness and vitality。

In the construction of start-up 188bet login,I suggest all entrepreneurs to read Romance of the Three Kingdoms when you have time,On the one hand, it’s a change of mind,On the other hand, let’s take a look at how the three most awesome entrepreneurial teams were formed,Why did it create its own inherent difficulties and problems。

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