Running the Business/Incubator
Find top talent, match with a mentor, work with an incubator.
The first thing outside investors look at is the management team. Not just you, but those you bring together to help you achieve your mission. The lore in the venture capital industry is to take an “A” team over a “B” idea every time.
So, you’ll need to know what you know and what you don’t know, so you can augment your skill set in those you hire. Getting the top talent you need may require creative compensation packages. You’ll need to be able to read financials and communicate effectively with investors, customers, employees. Mentors and advisors will be invaluable. You may find that the equipment and/or atmosphere of an incubator will be a launch pad for your business. And look for help protecting your intellectual property.