You should also be looking for a team who is passionate about their project. Even a revolutionary idea can be hard to pull off if the unit isn’t passionate about making it work. Complacency can hit, and competitors can knock your business out of the market.
Entrepreneurs who are passionate about their startups are also essential for communication. Passion for the business makes communication between everyone easier, and when everyone is excited to share their ideas, things can move forward quicker and more efficiently.
The founders should be experts in their field. Their product must be targeted exclusively to an audience that they understand. Even if it’s a great idea, a team that doesn’t know its niche of the market can delay the whole project as the founders learn the fundamentals, while competitors have the advantage of previous knowledge.