Wednesday, October 18, 2006

Philip Wilkinson on Social Shopping and Web 2.0 start-ups | E-business Briefing | E-consultancy.com

Philip Wilkinson on Social Shopping and Web 2.0 start-ups | E-business Briefing | E-consultancy.com

From founder of Crowdstorm:
10. Are there any occasions when previous successes or mistakes in your previous roles have influenced decisions and processes?

The main thing I've learnt from the past is that you need to surround yourself with other people who are better at the job than you are! I'm a great fan of outsourcing work that you can't do as well yourself or don't have the resources for really focus on those tasks, and also networking and getting advice and help wherever you can. In the past, I tended to go off and do most things myself but you soon realise how inefficient it is to do that.

An entrepreneur’s skills are always those of a general all-rounder, visionary, team builder and resource "transferrer" - so I have no qualms in getting a team of experienced specialists on board to focus on areas such as marketing and sales / biz development.

Just like Mr Issac Mao said, the most important that a VC looks at a business is the team - therefore , we should go out there and attract people who share the same vision.
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