startup live tlv - team dynamics - noam kaiser, gemini vc

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Team Dynamics Noam Kaiser

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Team Dynamics Session by Noam Kaiser, Principal @ Gemini Israel Ventures, for Startup Live Tel Aviv, July 2013 at Google Campus TLV

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Page 1: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

Team DynamicsNoam Kaiser

Page 2: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

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Hi! Principal @ Gemini Israel Ventures Investment Manager @ Naiot Venture Accelerator

Founder & CEO VentureApp (Now part of Balink)

New Media Manager @ Yes Satellite TV, Eurocom group Liz’s husband, Jonathan, Ram and Alona’s dad

Page 3: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

And then there were 4…

3

TEAM

Page 4: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

What are investors looking for?

4

ROI NEED

COMPETITION

BUSINESS MODELINTELECTUAL PROPERTY

BUDGETWORK PLAN

PITCH/DISRUPTION

PHASE

MARKET

A GOOD STORY WITH SOLID STORY TELLERS

Page 5: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience

Does our team have the dynamics that matchwhat investors are looking for in a team?

Page 6: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience

Does our team have the dynamics that matchwhat investors are looking for in a team?

It’s less about how much you know, It’s more about how well you know it. Does our team nurture excellence? Do we have expertise?

Page 7: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience

Does our team have the dynamics that matchwhat investors are looking for in a team?

This town ain’t big enough for the 12 of you… Have we built the A-Team? Do we have two/three of a kind?

Page 8: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience

Does our team have the dynamics that matchwhat investors are looking for in a team?

If the team, or part of it, conveys the slightest doubt regarding their ability to hit a home run, it will show. Is our team on board? All the way? Really?

Page 9: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience

Does our team have the dynamics that matchwhat investors are looking for in a team?

There is no bigger turn off in a meeting with entrepreneurs, than picking up on internal mistrust Do we trust each team member to deliver? Do they know it?

Page 10: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

Does our team have the dynamics that matchwhat investors are looking for in a team? Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience

A broken team is a broken startup. No way around it. Do we get along, especially through turbulence? Do we resolves issues, or ignore them?

Page 11: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

Does our team have the dynamics that matchwhat investors are looking for in a team? Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience

Oh great…another team full of CEOs. Do we have clear and defined leadership? Are we aligned with it?

Page 12: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

Does our team have the dynamics that matchwhat investors are looking for in a team? Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience Couldn’t think of a better word for “capable of accepting constructive criticism” Do we listen?

Page 13: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

Does our team have the dynamics that matchwhat investors are looking for in a team? Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience …Ugh Great plan. You do realize it’s not gonna happen right? How are we at handling change?

Page 14: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

Does our team have the dynamics that matchwhat investors are looking for in a team? Proficiency Diversity Confidence Reliability Chemistry Hierarchy Humility Agility Experience …Ugh

Page 15: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

What if we don’t have experience?

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$30, 000,000

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30, 000,000

17

Page 16: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

What if we don’t have experience?

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$30, 000,000Nick D’Aloisio 17

Page 17: Startup Live TLV - Team Dynamics - Noam Kaiser, Gemini VC

What if we don’t have experience?

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$30, 000,000STARTUPSTART