Venture team?
a group of founders, key employees, and advisers that move a new venture from an idea to a fully functional firm
a group of founders, board members, employees' and advisors who move to a new venture to create a fully and effective functional firm.
liabilities of newness
being able to quickly adjust to the start-up environment
adjust quickly enough to their new roles
What is the ideal size of the founding team? and what are the consequences?
heterogeneous and homogenous consequences that can lead to cultural issues and group think
none of the above....
What is prior entrepreneurship experience
prior experience and knowledge
prior experience and knowledge to develop start ups
relevant industry experience is an entrepreneurs ability to successfully launch and grow an industry firm that has already been studied
board of directors are a panel of individuals who are elected by a corporation's shareholders to oversee the management of the firm.
Insider director?
a person who is an officer for the firm
a police officer
a dog
an outsider director is someone who is not employed by the firm
the owner serves on the board of directors is known as signaling.
an advisory board is a panel of experts who are asked by a firms managers to provide counsel and advice on an ongoing basis
A consultant is an individual who gives professional or expert advice
