The research has been really clear, that those companies, that even from their infancy, focus on people and that build the kind of proven skills and behaviors as part of their culture, are more successful over the long-term, explains Jared Bleak of Authentic Development.
Venture Capital looks very closely at young companies promoting a lot of great ideas, explains Jeff Chavez of Authentic Development. But the idea is only one part of it. Companies have their execution plans and they have their strategic initiatives. Ultimately, time and time again, it comes down to the way the teams execute and the quality of the individuals involved. So, a VC who’s thinking about putting $20 million into a new company looks really close at that management team, what the founder’s like, how they communicate. Do they have character? All of these things reflect the likelihood of success or the potential for failure.