The Pros And Cons Of The Alexander Group

780 Words 4 Pages
Register to read the introduction… Either a team too relational, such as friends and/or family, or entirely strangers has many drawbacks. For instance, a relational team consisting of friends and/or family can be too homogeneous as the members tend to have similar backgrounds or skills and also similar professional networks. The members are likely to delay contentious discussions including critical ones about roles they will play and equity split. On the contrary, a team of entirely strangers or acquaintances is possible to have the difficulty of conducting due diligence on a stranger. It has to build trust and get to know how to work together at the same time as it is building a company. However, a team composed of past coworkers is the best one. It can avoid some of the disadvantages mentioned above while maintaining many advantages of a relational team or a strange one. It has a high initial level of trust and knowledge of working together. If the team members worked in different departments, their skills and professional networks will not be overlapped, so that it is less likely to suffer from human and social capital gaps. It is also more likely to have discussions about how to allocate roles of startup team members and how to divide equity. In the case of Ockham, Burows, Triandiflou and Meisenheimer were coworkers in The Alexander Group. They are likely to comprise the most stable type of startup

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