What does a functional team look like?

Just went through an exercise with a bunch of investors who were trying to determine what to look for in startup. What makes some startups succeed and others fail? Of course, everyone agreed that it was NOT the idea. The general consensus was that is was a functional team that made good decisions, with a emphasis on FUNCTIONAL and GOOD DECISIONS. Most teams are not functional and most do not make good decisions.
What does a functional team look like? As a starting point, read Patrick Lencioni’s books.
How do you make good decisions? As a starting point, it is important to understand why people make bad decision – decision bias. Read more about decision bias here.
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