Choosing entrepreneurial teams
July 16, 2012 9:53 AM Subscribe
Choosing teams for an entrepreneurial team project to solve problems in the developing world. Help me! *snowflakes inside*
I'm participating in an entrepreneurship incubator that applies technological solutions to problems in the developing world. As part of this incubator, we have to choose teams of 4 - 6 people to work with for the rest of the summer. Many teams in previous years have gone on to form real companies, get funding, etc.
My goal is to turn this project into a company going forward and have an impact.
We had a hard deadline to choose teams last week. I was choosing between two sets of people and was really stressed out trying to decide. I ultimately made a decision, but I am allowed another week to switch teams if both teams consent. I'm trying to decide if I should try to do that, and what factors I should consider.
Team 1: Successful entrepreneur with track record, German hedge fund manager, marketing exec, computer science professor.
Team 2: Microfinance experience in the developing world, TV producer, artist/hacker, physics PhD
Team 1 seems much more "get it done", and much more conventional, buisness-like, etc. I don't think I'd be as comfortable introducing them to my friends (who are mostly hacker/geeky/alternative types). We don't flow conversationally. Except for the computer science professor, they are a bit "MBA-ish".
Team 2 is much more like a group of friends. We enjoy talking about non-work stuff. I could see having them over for dinner years later and just hanging out. After I didn't choose Team 2, they added another person, so they have 5 people at this point. I like this fifth person as well.
I chose Team 1, on the basis that I wanted to get work done, not have a good time. Most of my friends advised me to choose Team 2.
After I made the choice, I was really upset. The more time I spend with Team 1, the more I fear that the personalities are not going to mesh and it's not going to be much fun working with them.
It's a bit awkward to switch back at this point, and some feelings would probably be hurt. One of the people on Team 2 is a bit upset that I didn't choose them and might block me from coming back, but I did not talk with him about it yet.
So, hive mind, after a million details, what should I do?