$6$a$-1$d Management Team

Explanation: Keep in mind that all new ventures must stand the scrutiny of whether the founding team can really move this idea to market. The experience of the management team may end up being one of the most critical factors to outside investors. Many times, venture capitalists have expressed their belief that they prefer a $$B$$ idea with an $$A$$ team as opposed to an $$A$$ idea with a $$B$$ team. In other words, there is a real concern about the implementation phase of a proposed concept. Does this founding team have the background, experience, skills, and networks to make the concept operationally successful?

Key Concepts

Identify the founding team members and the key personnel in place to guide the proposed company.

Explain the team$$s qualifications and how the critical tasks are being assigned. Also include any board of directors$/$advisors that are in place.

Finally, outline any $$gaps$$ in the management team $($in terms of skills and abilities$),$ and explain how those will be addressed.