There are rumors going around that the investors wrote checks based solely on the possibility of making money. While making high profits is a top priority, there is an equally high priority to enjoy the ride, and it all comes down to personality in accordance with their wishes.
The investors gauge how much they like the businessmen as well as the ability to generate profits.
In addition to matching personalities, the following are some of the characteristics sought by the investor:
- Leadership – Startups need great people and great people in need of strong leadership.
- Perseverance – Startups difficult, very difficult, and it takes twice as long as expected.
- Confidence – With so many unknowns, it is important to have real confidence in terms of the direction and approach.
- Work Ethic – Startup often requires long hours and takes several years to develop a harmonious work / life.
Another way to describe it is that the employer must be tested and canoeing: Are you going to enjoy spending the day with two people in a canoe on a lake open?