The document discusses the importance of the venture team and the entrepreneur's role as a manager. It emphasizes that the team is the most important success factor and should have a mix of passion, commitment, and vision. The entrepreneur must test the team's vision, skills, commitment, and synergy. As a manager, the entrepreneur's goals include meeting financial and business targets, organizing work, and sustaining the venture over time by making optimal resource allocation decisions. The entrepreneur must understand both the opportunity and the team to ensure success.