“Work with your team that you know how to win with.”
We’ve heard Bill Me Later cofounder Vince Talbert talk before about how important a cofounding team, with domain expertise, is to a startup’s success.
During his keynote at this month’s Incubator Company of the Year Awards, he elaborated a bit more, sharing with the startup founders gathered his seven “core values” for any startup.
- “Get shit done.” Put another way: ready, fire and then aim, in some cases. Action is the trait, not necessarily precision, in the early stages.
- It’s better to be “street smart” than it is to be “academic.”
- You’ll need “creative problem solvers” working with you.
- The team comes first, said Talbert. Obviously, he and his cofounders were a triumphant group, one worth almost $1 billion at the time of Bill Me Later’s acquisition. (But if your cofounder is a lazy, do-nothing jerk-off, you might want to dump them.)
- Always be doing and producing. (Your product. Not your startup-branded t-shirts.)
- “Humility is key.”
- This dovetails off of number six: you don’t want any big egos. You just want “people who rally together and stick together,” said Talbert.