
What makes for an impressive startup founder? Over the course of my LaunchX experience, through thousands of applications, there are certain qualities that never fail to impress me about startups and their founders. Then there are things that I really wish I could stop seeing. Below are just a few things that grab my attention and impress me enough to want to learn more about foundersâ startups.
I like being able to get a real feel for the person behind the resume. An impressive startup founder conveys their passion, dynamism, and interpersonal capacity alongside their checklist of accomplishments. This shows that they are going to be someone I can work with and who can work well with others. When I see a stale resume that just has a bunch of accolades and supposedly impressive accomplishments, I donât connect as well with the person and donât want to know much beyond what theyâve already shown me.For this reason, I like seeing the quirky jobs, unique volunteer activities, or self-guided projects applicants have undertaken. Even if they never âwent anywhereâ, even if they were rough around the edges or ended in disaster. Itâs good to see passion and ingenuity, in their many forms. Having interests and hobbies outside the day-to-day requirements, or taking some jobs that are not immediately related to the startup theyâre currently working on, doesnât make someone any less dedicated or committed to that endeavor. And itâs possible to pick up useful skills and knowledge from a completely different activity and adapt them to your work as a founder if you have the right mindset and can make those connections.I donât expect the teen entrepreneurs I work with to be ultra polished or socially savvy in every instance. Iâd rather they show me their awesome, lively selves, rather than some boxed in version of what they think I want to see, or what might make them seem ambitious and mature.
Iâm impressed by people who want to start a company because theyâre driven by a need to solve real problems, innovate, and help others. I am underwhelmed when I see people motivated simply by the desire for recognition, money, or CV-worthy accomplishments.A founderâs values can be seen pretty quickly based on their priorities. Those who come to entrepreneurship for the âwrongâ reasons prioritize external markers â putting up a website fast, forming a legal entity right away, trying to get a trademark or a patent above all else, monetizing before they even have a solid prototype â while ignoring the customer and real traction. It becomes obvious they care more about being able to put a shiny credential, project, or company on their resume, instead of being dedicated to the thing theyâre building or the customer itâs helping.Part of the reason I like seeing peopleâs values reflected in their startup endeavors is that starting a company is a bad path if your main goals are glory and gold. First off, realistically (and yes, I know Iâve said this many times before, but itâs still accurate and very relevant) most startups fail within the first few years. Most startups donât make their founders big bucks.Someone whoâs driven by their values is not going to quit because they havenât gotten rich in a hot minute, theyâre going to keep at it as long as they can stay financially above water because theyâre in it for something else. Itâs easy to knock out a founder or a startup thatâs in it for quick money or fame. Those are the ones that will bail when things get tough. Which brings me to the next startup characteristic I find impressiveâŠ
While some people love founders who seem to hit it out of the park on their first try and turn an idea into a successful business in a matter of months, I actually like seeing a little bit of struggle behind an entrepreneur. Iâm impressed when I see people have stuck with their initiatives for a while, through hard times, and peaks and valleys, because I know thatâs how the long game works.Every startup has challenges and pitfalls. It takes genuine entrepreneurial character â which includes resilience, adaptability, resourcefulness, grit, and an openness to feedback â to navigate challenges and hang in there until you find the right path forward.Thatâs why itâs hard for me to get behind someone whoâs started and abandoned a half dozen startups. I donât mean someone who spent months or years working on something that just didnât take off, or someone whoâs started several successful companies from which moved on once the company needed a new kind of leadership. I mean those who show all signs of expecting something to happen overnight and bail when it doesnât. People who chase overnight success (which, by the way, is not a real thing) and are unwilling to stay the course when the course has hurdles or gets bumpy are not good candidates for leading a startup. Startups that survive and thrive are those in which the founders donât head for the hills.A resilient mindset and approach can very much be taught and nurtured, just like many other qualities that go into being a great entrepreneur. A big part of it is keeping your expectations realistic, and staying flexible enough to change course when itâs needed. Itâs also crucial to keep an eye on both the final prize and the smaller milestones along the way. You canât simply say âMy startup needs to make $1M or have 15,000 customers within 6 months or itâs just not worth my time.â Being resilient requires preparation and acknowledging that there may be weeks or months when the needle doesnât feel like itâs moving at all in the direction of success.
Hereâs a notion I hold firmly, due to my own experience and knowledge of startups and markets: Itâs more valuable to be really passionate, good at, and knowledgeable about a few select things, than to be average or fairly good at many things. Thatâs partially because the process of honing a skill, craft, or area of expertise requires dedication and depth, which are essential to entrepreneurship.Letâs say you put someoneâs skill sets, knowledge, and capabilities on a bar graph. Those who find a few passions and dig in to gain mastery in them would have noticeable âspikesâ in those two or three areas. Those who like to dabble in everything without ever really delving too deep will have bars of very similar height around the midpoint of the graph. I look at this as âspikiness vs. well-roundednessâ.Spikiness also tells me that person isnât going to try to do everything on their own, which often results in most things being done only partially as well they could or should be handled. Instead, a person who is spiky will recognize their strengths and find others (cofounders, team members) who complement those strengths and bring their own skills and expertise at something else to the table.Iâve written before about the three types of founders: Builder, Brander, and Business Developer. In short, Builders make or create the thing at the heart of their startup (the offering). Branders envision and solidify the story and mission around the company and startup, Business Developers understand and capitalize on the niche the company fills in the market. Ideally, each of these is present in a startup, if not in the form of equal founders, then at least somewhere within the team.The fabled one-person-show who does the business development, the prototyping, the marketing, and the customer service is likely to be doing each one of those things at a lower capacity than if they were focused in on just one or two. Someone who is self-aware enough to realize that theyâre better suited to building and making than to selling and marketing can drill down, learn more, and focus their attention on making the most of those abilities. In the end, those are the people who end up running successful, world-changing companies.