CHAPTER 6:

BUILDING THE FOUNDING TEAM

REPORTERS:

SABANG, JERRE MAE R.

DAHAN, MARKDEL
 The Biggest Challenge

“ There’s plenty of entrepreneurs,

plenty of venture capital. What’s in
short supply is great teams. Your
biggest challenge will be building a
great team.”

- John Doerr
TEAM
- is a group of individuals working together to achieve their goals.
- a group of people who perform interdependent tasks to work
toward accomplishing a common mission or specific objective.

FOUNDING TEAM
- a group of people who decide to start a business together.

The perfect founding team will have these three roles:

• The visionary
• The hustler
• The hacker
Things to keep in mind when creating a start-up

Evaluate your skills

Use your strengths

Ask for feedback of your actions

 External Team Members

Outside
Investors

Board of
directors Lawyers
Virtual
Team

Board of
Accountants
advisors
Advantages of having a team for a start-up

Feedback

Increased
Extended
skill set
network

Way to
Success

Capacity for Higher social

innovation level of support

Moral
support
 Types of Compensation

Compensation Name Advantages Disadvantages

Founder Shares Attracts co-founders Dilutes owners equity

Option pool Ties employees goals to Employees may leave the

those of the company company if the price falls

Restricted stock Vested over time, Expensed at current price

expensed at current
share price
Stock appreciation rights Low cost to the company Dilutes owners equity

Phantom stock Employees do not Needs cash to be

receive equity exercised
 Building a powerful team

Create a staffing
plan

Find the people to fill

position

Your personal Your advisors Your extended

network network network

- Friends - Professors
- Family - Alums
THANK YOU 