The Power of People: How a Strong Team Can Make or Break a Startup
Building a strong team is often overlooked, but it's crucial for a startup's success. Many startups fail because they focus too much on technology or marketing and not enough on the people behind the scenes.
The HOLYWATER Story
Over the past five years, a co-founder and his team have been working on a unique project called HOLYWATER. It's an AI-first entertainment network that reaches 60 million users worldwide. Their products include:
- My Drama: A vertical video streaming platform with 40 million users.
- My Passion: A top independent publishing platform.
- My Muse: Creates AI-generated vertical series.
The Competitive Edge
When asked about their competitive edge, the co-founder didn't point to their technology or distribution channels. Instead, he highlighted their team of 285 talented individuals who are dedicated to creating something truly unique.
What Makes a Great Team?
It's not just about finding people with impressive CVs. It's about finding individuals who can:
- Solve problems quickly.
- Align with your company's values.
- Take on new challenges.
Creating an Environment for Success
Hiring the right people is just the beginning. Creating an environment where they can thrive is equally important. Many companies stifle creativity with rigid roles and hierarchical structures. But at HOLYWATER, they encourage everyone to:
- Express their ideas.
- Take responsibility, regardless of age or skill set.
Learning and Growth
Learning happens organically here. Team members are encouraged to:
- Ask questions.
- Share knowledge.
This approach not only helps them grow but also allows the company to see things from different perspectives.
The Bottom Line
In the end, a strong team is what sets a startup apart. It's not just about having the right tools or technology. It's about the people who use them and the culture that supports them.
