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#1 Founding Teams - (Spring Health) Adam Chekroud | Slush 2022
Learn from the founding team of Spring Health as they share their insights on building a successful company, prioritizing trust, removing risk, and making the right hires.
- First founding teams should prioritize trust, not balance, when building a company.
- Co-founders should consider their commitment to the company and each other, rather than splitting equity equally.
- It’s important to have a conviction in the founding idea and continually remove risk from the company until the exit criteria is met.
- Founding teams should be open to growth and change, and willing to put in the work to overcome weaknesses.
- Hiring the right people, regardless of skillset, is crucial for the company’s success.
- Building trust takes time and effort, and should be a priority for founders.
- Companies should prioritize revenue over building product features.
- Founding teams should have a clear understanding of each other’s motivations and goals.
- Having a technical co-founder is not always necessary, and founders should be critical of whether they really need one.
- Founders should be willing to give up control and hire people who are better at certain tasks.
- Companies should prioritize trust and remove risk from the company until the exit criteria is met.
- Founding teams should have a clear understanding of what they are building and what they are trying to achieve.
- It’s important to have a clear understanding of each other’s roles and responsibilities.
- Companies should focus on revenue and should not prioritize building product features.
- Founding teams should have a clear understanding of each other’s goals and motivations.
- Trust is essential in any successful company, and should be a priority for founders.