The Hunt for Leadership Capital

The March 22nd issue of TechWeek magazine features an article written by Mark Smith, head of both Korn/Ferry’s Boston office and the private equity specialty practice, and Richard Spitz, a vice president in the Los Angeles office.

The article outlines several guidelines for venture capital firms to consider when looking to attract talent:

• Know what your firm offers a potential CEO,
• Present a compelling management package,
• Broaden your thinking,
• Never underestimate the importance of personal chemistry to the success of any venture,
• Make sure you’re getting entrepreneurial and decision-making skills,
• Weigh compensation against performance,
• Smooth the transition, and
• Use outside help as needed.
• The process of finding good leaders is never easy. Mistakes will be made. But with careful planning and thoughtful execution, you can find the person who can lead your venture to success.