Effective startup teams require product, sales, and tech leads
Nektarios Liolios · 20 VC 017: Nektarios Liolios of Startupbootcamp on Fintech, Pitching and London's Tech Scene · Mar 5, 2015 · at 8:47
Nektarios Liolios, co-founder and managing director of Startupbootcamp FinTech, discusses why two-founder startups struggle and what core competencies a founding team must cover.
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“And a team ideally should have at least three different profiles. We have taken teams in that were two founders who put something together, but very quickly you realize that the team needs to grow, and it needs to have somebody who understands the product, somebody who can sell, and somebody who is in charge of the technology.”
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More from Nektarios Liolios
Startupbootcamp FinTech refuses to accept solo founders into its accelerator
“We don't take single founders.”
Startupbootcamp FinTech requires a prototype or MVP to accept startups
“So that's a minimum requirement for us. So we don't go just by PowerPoints and Excel spreadsheets. We need to have a prototype or an MVP of sorts.”
Liolios predicts crowdfunding aggregator InvestUp will go very far
“One of them is InvestUp, a crowdfunding aggregator. They've just launched, they're a great bunch of guys they are going to go very far.”
Startupbootcamp FinTech replaced main-stage Demo Day pitches with rotation mini-stages
“So we actually didn't have the startups pitch on stage. We had for each startup a mini stage where they had to pitch five times consecutively and investors in the room had to pick five out of the 10 startups that they really wanted to talk to.”