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The importance of finding the right founder for a company is discussed, including disqualifying traits such as ego, lack of focus, and emotional reactivity. The impact of leadership dynamics on a company's success is explored, along with strategies for improving focus and judgment in team selection. Advice is given on ego management, self-awareness, and personal growth for success.
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Quick takeaways
- The founder is the most critical factor when evaluating companies for investment, accounting for 80% of the decision.
- Ego, lack of focus, and emotional reactivity are red flags in founders and often lead to disqualification.
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The Importance of the Founder
When evaluating companies for investment, the founder is the most critical factor, accounting for 80% of the decision. The market can be changed, the business model can be improved, but the founder cannot be changed. Founders with ego, lack of focus, and emotional reactivity are red flags and often lead to disqualification. Building a big business requires focus, determination, and perseverance over many years, and a founder must have the ability to lock in on a target.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode