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8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
http://slidepdf.com/reader/full/hcmc-september-3-team-and-advisors-jonah-levey 1/25
building a start up dream team:co-founders, first hires & advisors
JONAH LEVEY
jonahlevey@gmail.com
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
http://slidepdf.com/reader/full/hcmc-september-3-team-and-advisors-jonah-levey 2/25
Jonah Levey• entrepreneur,
• angel investor
• board member:
mekong capital
•
founder:vietnamworks.com& navigos search
about me…
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
http://slidepdf.com/reader/full/hcmc-september-3-team-and-advisors-jonah-levey 3/25
1. co-founders
me
s e a n m a c d o na l d c o - f o u nd e r , v i e t na m w o r k s g l o b a l c hi e f d i g i t a l o f f i c e r
Mc c a nn w o r l d g r o u p
c h r i s f re u nd
co - fo u nd i ng i n v
e s to r, v ie t na m wo r k s
fo u nd i ng pa r t n
e r,
me k o ng cap i ta l
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
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how many…depends on…• complexity
• Industry
•
your skills & experience
2 or 3 co-founders is usually ideal
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
http://slidepdf.com/reader/full/hcmc-september-3-team-and-advisors-jonah-levey 5/25
where to look…
personal network• colleagues
• classmates
•
other connections…
expand your network• events
•
referrals•
online…
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
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8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
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right skills
complimentary to you
in line with growth/success drivers of your start up
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
http://slidepdf.com/reader/full/hcmc-september-3-team-and-advisors-jonah-levey 8/25
right chemistry (as important as right skills) personality fit
•
complimentary, not identical
culture fit (values)
compatibility (like-mindedness)
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
http://slidepdf.com/reader/full/hcmc-september-3-team-and-advisors-jonah-levey 9/25
required traits
integrity
• do what you say by when you say you will do it
entrepreneurial
• flexible, ok with change
• ok with uncertainty
• risk taking
•
start up DNA (not “big company type”)
perseverance!
• determined, unstoppable
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
http://slidepdf.com/reader/full/hcmc-september-3-team-and-advisors-jonah-levey 10/25
"I'm convinced that about half of whatseparates the successful entrepreneurs
from the non-successful ones ispure perseverance.“
- Steve Jobs
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
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best teams winfactors most important for start up success:according to Bill Gross
https://www.ted.com/talks/bill_gross_the_single_biggest_reason_why_startups_succeed
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
http://slidepdf.com/reader/full/hcmc-september-3-team-and-advisors-jonah-levey 12/25
be cautious and smart
about equity
founder vesting
(for everyone, even you!)
• 4 years
• 25% per year
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
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agreed vision
co-founders need to agree on:• what problem are you solving?
• what does the future
look like with your product,
service in it?• what’s your goal?
• why are you the rightteam?
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
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learn to sellto attract co-founders, investors and employees
you must SELL
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
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2. first hires
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
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sell the future
early stage recruiting• sell "the future”
• vision for the company
• vision for the job
Have a great answer to:why would someone awesome
want to work here?
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
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“up-hire” for your stage
hire people who can stay ahead of your growth
hire above your current stage
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
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remember: right chemistry(as important as right skills)
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
http://slidepdf.com/reader/full/hcmc-september-3-team-and-advisors-jonah-levey 19/25
success flows from culture:according to Tony Shieh, CEO of Zappos
“If we get the culture right, then most of the otherimportant stuff will happen naturally…"
https://www.youtube.com/watch?v=-uINIExpJ3I
watch this video!
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
http://slidepdf.com/reader/full/hcmc-september-3-team-and-advisors-jonah-levey 20/25
culture fit, values exercise…who are the people in your life you consider to beyour closest and deepest friends?
write down a description of the characteristics theyshare…
• character
• personality
• traits
•
values
this will help you understand what type of peopleare good co-founders for you!
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
http://slidepdf.com/reader/full/hcmc-september-3-team-and-advisors-jonah-levey 21/25
engagement
people stay when: • they share core values
• they love the companyculture
•
they FEEL your care forthem, their development
leads to emotionalcommitment to your
• company,
•
business goals, objectives
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
http://slidepdf.com/reader/full/hcmc-september-3-team-and-advisors-jonah-levey 22/25
be a great boss
#1 reason for job dissatisfaction:
• boss SUCKS
serve your team members, not just your company
some will still quit.it’s ok. remain unstoppable!
https://www.linkedin.com/pulse/20130709152707-5799319-the-top-10-reasons-people-hate-their-jobhttp://www.forbes.com/sites/work-in-progress/2014/01/20/8-common-causes-of-workplace-demotivation/
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
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3. advisors
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
http://slidepdf.com/reader/full/hcmc-september-3-team-and-advisors-jonah-levey 24/25
advisorsask — don't be afraid to ask
pay — cash or equity
(e.g. lower of: $10k/yr or 0.1%-0.2%/yr)
you'll be surprised
who says yes!
8/20/2019 HCMC September 3 - Team and Advisors: Jonah Levey
http://slidepdf.com/reader/full/hcmc-september-3-team-and-advisors-jonah-levey 25/25
the endThank You!
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