Law360, New York (May 12, 2017, 12:39 PM EDT) -- There are many essential ingredients for a successful startup company, including visionary and enthusiastic founders, a compelling product or service, a clearly identified and unfilled market niche, and of course, plenty of investment capital. A finely tuned top management team is another important prerequisite to healthy growth for a startup. And in a startup, hiring the right chief operating officer at the right time and then properly balancing CEO-COO responsibilities are vital to creating and sustaining such a team.
To find the right COO, founders usually focus first on individuals familiar with the technology, product or service that underpins the business....
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