Over the years I’ve read a number stories about entrepreneurs building great companies, having a nice exit, and then getting core members of their team back together for the next venture and achieving strong results. Now, this past year, I’ve see it happen a few times at the Atlanta Tech Village and can attest to the power of getting the band back together. Here are a few thoughts on reassembling successful teams:
- Rapport and trust is already in place, making for stronger communication right away
- Team members already know the strengths and weaknesses of the people they’ve worked with before, making for more effective team execution
- Assuming a similar industry or type of product, the team knows the playbook that worked before and can apply it in the new venture
- Investors love backing teams that were previously successful as many of the risks related to team dynamics and the ability to get things done are mitigated
Successful teams that have come back together to do another startup are often successful again — not from doing the same thing over and over, but because of the human element that comes with intense shared experiences.
What else? What are some more thoughts on startups that are formed from previously successful startup team members?