Fred Wilson has done it again — another fantastic article. This one titled “Founders and Management” (fairly long) and posted on the Union Square Ventures blog — it details what Union Square Ventures looks for in management teams that they invest in. I would summarize further, but I don’t want to give you a reason to not go read it. Definitely a fantastic read for all you entrepreneurs out there.

  • Megan

    “We also seek to back entrepreneurs and managers that we’ve worked with successfully before… this sets up a “club relationship” where it’s hard to break in…. some of the best entrepreneurs will be first time entrepreneurs. So we have a process to make sure we back first time entrepreneurs, but the hurdles are simply higher.”

    annoying but true. it makes sense. There is little guidance provided about how to cross the hurdles to become trusted and credible as a first time entrepreneur. My guess is that most people learn this through trial and error.

  • Drew Meyers

    Totally agree about the trial and error. I definitely have the mindset that experience is the most important thing in business. You can learn by reading — but it’s not nearly as effective as experiencing something 1st hand.