What’s the best way to create a good team?

Philip Sugar (Founder & President @ SpringActive)
The Management Team – Guest Post From Phil Sugar – AVC

Best Friends: When you are a handful of people trying to make something out of nothing there are no management challenges. Buddies: This is when you have up to twenty people. People say you can only manage eight, but I think if you’ve hired great people that can stretch to twenty. Co-Workers: Now you’ve decided to make the mad dash from 20 to 100 employees. The reason it’s a mad dash is because you will have to put in all the overhead of forma… (read more)

Sam Altman (President at Y Combinator)
Advice for ambitious 19 year olds – Sam Altman

I get asked this question fairly often, and I now have a lot of data on what works, so I thought I’d share my response. No matter what you choose, build stuff and be around smart people. Think about risk the right way.

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
The Management Team – While Building The Business – AVC

Founders should think of the business as yet another product they are building. It is the ultimate product they are building because from the company can come any number of additional products and any number of additional initiatives. The company, if built correctly, will be more important than any single product it can create.

Sam Altman (President at Y Combinator)
Startup Playbook

When you are in recruiting mode (i. e. , from when you get product-market fit to T-infinity), you should spend about 25% of your time on it. At least one founder, usually the CEO, needs to get great at recruiting.

David Jackson (Founder, Seeking Alpha)
Should you hire consultants? | A Founder’s Notebook

Should you hire consultants? My view: Almost never, for two reasons: “the company you build is the team you build”. So your goal is not to “execute a set of tasks”, but to “build an outstanding team. Your biggest challenges often require you to “figure things out”. External consultants rarely figure the hard things out for you, and if they do, much of the knowledge is theirs, not your company’s.