The team is more important than the idea. Leadership and clearly defined roles are a must. Strategy and value proposition should be decided and communicated.
<i>Pick a startup based on the team not on the idea. Make sure the team has a good dynamic. Make sure the team is composed of people who can actually build the product.</i><p>The team I was in at StartupCamp Melbourne also learned this lesson: <a href="http://www.inquisitr.com/4560/melbourne-startup-camp-the-good-the-bad-and-the-vc/" rel="nofollow">http://www.inquisitr.com/4560/melbourne-startup-camp-the-goo...</a> .<p>Invest in teams, not ideas.