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Building a Founding Team Essentials

Module 3 focuses on building a founding team by assessing the need for a co-founder and evaluating potential candidates. It outlines five essential in-house functions for smooth operations: Product, Engineering, Marketing, Sales, and Operations, while emphasizing the importance of hiring practices such as always being open to meeting talent and prioritizing cultural fit. The document concludes with the significance of hiring and firing the right individuals to maintain a strong team dynamic.

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Abhi Mugalakhod
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2 views3 pages

Building a Founding Team Essentials

Module 3 focuses on building a founding team by assessing the need for a co-founder and evaluating potential candidates. It outlines five essential in-house functions for smooth operations: Product, Engineering, Marketing, Sales, and Operations, while emphasizing the importance of hiring practices such as always being open to meeting talent and prioritizing cultural fit. The document concludes with the significance of hiring and firing the right individuals to maintain a strong team dynamic.

Uploaded by

Abhi Mugalakhod
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Module 3

Building The Founding Team


Introduction

Assessing The Need For A Co-Founder


Use this framework and ask yourself the following questions to determine if you need to
hire a co-founder.

Assessing A Co-Founder
Once you have a list of potential co-founders, assess if they will be a good fit for the
company using the following framework.

Page 1
Building a Founding Team
These are 5 functions you should have in-house in order to have smooth operations.

Product: This is a function that is core to your product. This team is responsible for
ideating and creating the product.

Engineering: This team is responsible for making the product that you want to sell.

Marketing: This team will handle the marketing of the product.

Sales: This team will work to sell the product and pitch it to potential customers

Operations: This team will manage the customer once sales have been made.

Beyond these skills, almost everything can be outsourced.

Page 2
Best Hiring Practices
These are 5 functions you should have in-house in order to have smooth operations.

Always Be Hiring 

Don't refuse to meet a smart individual, even if there is no opening.

Create An Employee Brand

Spend time & resources on social media to create a brand that talented employees will be
asdfinterested in joining

Culture First Hiring Process

Check the mindset & values of the individual before their CV. Look for individuals who
asdfhave values that are aligned with yourself and the rest of the team.

Hire Right And Fire Right

Along with hiring right, it is also important to fire right. Objectively decide in your head
asdfwhen to ask people to step down from their positions.

Conclusion

Page 3

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