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Great point of analysis, the founder must have competence and experience, or at least a vision of what he wants for his company and this includes knowing how to choose the right people for the positions.

True, the founder selects the team so he or she needs to have the business mind or competence so he can hire the right people

Yes, you are absolutely correct.
He needs to be a very competent person business-wise so as to choose those other actors to make up his team.

This is key and help shape the future of the business.