Idea vs the leader: Who is the winner?
The Success of a startup depends on a brilliant idea as well as an inspiring leader. In fact, most of the times, it leans towards the leader because the ‘idea’ of the startup is taken for granted. For an angel investor or a venture capitalist, ‘idea’ or the business viability is a necessary condition to allocate even their time to listen but the ‘leader’ and team the leader builds or intends to build turn out to be sufficient conditions to invest.
Building a team and sustaining it is essential to demonstrate one’s leadership and is desired the most in the context of a startup. How the Apple visionary Steve Jobs lured John Sculley in 1983 to leave Pepsi and join Apple to change the world and how N. R. Narayana Murthy of Infosys kept faith in the company and did not accept to sell Infosys...