Mahadevan M S In a nutshell, if this is a first time founder: YES! Put yourself in the investors shoes for an instant. Assume that the founder is a rock star PM and the idea is a killer. It would still conceivably require a team to prosecute the idea and deliver on the promise of the product. One of the concerns an investor would have is whether there is a team that can deliver this. Some investors will try to hook you up with people in their network both as potential co-founders and also as a means to validate the idea, and frankly to validate the entrepreneur/founder. You may be able to mitigate some of this by showing that there is a team of people, ready and able to join contingent on funding and you should be able to provide names and better still have them show up when you meet a prospective investor. You may be able to strengthen your position if you could show a powerful advisory board. But as a founder, if you can't convince another person (or persons) to jump off the cliff holding your hand in this mission to change the world, why would an investor feel compelled to give you money? |