Having a homogeneous leadership team of people is appealing, it’s completely logical. We tend to gravitate towards people that share our experiences; It’s easier to communicate and share ideas, which is the backbone of small startups. Of course, businesses take financial backing, but without a group that can both understand and actualize that vision the startup will fail.
There are disadvantages to building a heterogeneous team. Everyone comes from different backgrounds, cultures, age groups, and so on. Sometimes the differences between members are mutually exclusive. This can be a source of contention between members; however, it can also be a source of positive things for the company.
Since everyone in a purely heterogeneous team has differing experiences, it can be a source for Financial and Human capital. The Founder’s Dilemmas by Noam Wasserman brings this point out in chapter 4 page 93, where it states:
“…To find the broad range of hard skills needed in the startup, founders have to fight their homophilic tendencies by taking a structured approach to defining the startup’s needs for human, social, and financial capital…” [1, p. 93]
My stance, as I try to take with most things in life, is a more balanced approach. I believe that when it comes to selecting a team, communication and trust are paramount and must be present, otherwise, there will be no company and all the sacrifice that you and the founder’s made to get the business moving will be for nothing. If a team has communication, respect, and trust I believe that a team can work.
When I find myself in the position to select my founding team, I will select those who have similarities to myself, particularly with communication. If expertise is needed outside of my founding team and they are different they must at least share those same values in communication.
Its not an easy task and requires a well trained gut and solid interview questions, but what do you think? Should we stay with people that are just like us or should we take a risk and expand our horizons?
References:
[1] N. Wasserman, The Founder’s Dilemmas, Princeton: Princeton University Press, 2012.

Leave a Reply