One of the key ingredients to start-up success is a stellar management team. Attracting (and retaining) the right kind of talent is a challenge though, especially when trying to balance the skills and personalities of different individuals. Getting this balance right is key to a well-rounded and cohesive team that will let a company grow into its full potential. Here is our advice on some important factors to bear in mind when building a life sciences management team.
Three golden rules (according to us)
Unfortunately, no rules are set in stone when it comes to life sciences start-ups. Each case is unique: the needs of a venture starting off with a €1 million seed round, versus one propelled by a €100 million mega-round (as seems fashionable these days in the US), are not exactly the same. However, in our experience, there are there are some universal snippets of wisdom when building a management team.
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