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Growing Your Business by Scott Shane, Robert Baron

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Introduction

Many venture capitalists are fond of saying that the jockey is more important than the horse, implying that the key dimension of a new venture that influences its ability to grow and prosper is the quality of the management team. While we are not sure that the management team of a venture is more important than the business opportunity in growing a business, we believe that the success of any new venture depends, to an important degree, on the knowledge, skills, talents, and abilities of its cofounders—plus those brought to it by initial employees. Therefore, to have a high-growth company, you need to put together the right human resources—the founding team and key hires. In this book, we explain how to do that.

Choosing excellent ...

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