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A great one, without a doubt. But for first time founders, there is no track record to prove greatness. How do they convince the talent that they are better than their highly funded competitors?
By definition. Part of being a great founder is being convincing.
Thank you. So, founders should have vision and passion (and maybe a roadmap) that should inspire talent to work for them despite being paid less.
Real recognize real. Great founders are more likely to be able to recognize great talent.
It’s one thing to convince investors, another to convince an engineer. Sorry if this sounds harsh but investors often have superficial knowledge of the products and companies they’re interested in. Founders can learn how to bullshit an investor, but not an engineer.
This is somewhat of a paradox. A great founder that couldn’t raise that much money makes it difficult to convince potential employees they have the goods. I would argue that most of the greatness is seen in hindsight.
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