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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
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Importance of Spikiness in Founding Teams
Founding teams with a standout, highly skilled individual, such as Elon Musk or Steve Jobs, are crucial for success. While core investing is essential, the talent and support provided by organizations like Sequoia Invest play a significant role in shaping successful companies. The lead director can help founders in areas like go-to-market strategies, growth hacking, engineering, and reliability, providing shortcuts to success. It is rare for founding teams to stay together for extended periods, with Stripe's colosons being a notable exception. Ultimately, according to Matt Clifford from EF, the standout skills and 'spikiness' of a single best person in a founding team are considered the most critical factor for success.
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