Both Sides of the Table

OCTOBER 11, 2009

This is part of my ongoing series Startup Advice. Many startup companies hire advisory boards. It’s very tempting. It’s mostly done by first-time entrepreneurs who want to persuade (bribe?) prominent industry luminaries to be closely associated with the company. It’s done partly in hopes of gaining their wisdom but it’s also done to portray the company in a positive light through association.

Advisory Board 306

Advisory Board Startup Equity Valuation 306

Both Sides of the Table

OCTOBER 14, 2009

This is part of my ongoing series Startup Advice. I wrote recently about the role of Advisory Boards in startups , which I expected to be a bit controversial. People love their advisers and I don’t blame them. It’s just that many companies waste equity on advisory boards, pick the wrong advisers or set up advisory boards with the wrong expectations.

Advisory Board 215

Advisory Board Strategic Investors Venture Capital Later Stage 215

Both Sides of the Table

OCTOBER 15, 2009

This is part of my ongoing series Startup Advice. This is a story of one of the risks of venture capital. When you’re an early-stage startup that hasn’t raised any institutional money you end up doing almost every job function of the company yourself. But some companies have entrepreneurs that seem talented on paper, are in a space that seems interesting to investors and are able to raise venture capital early in the company’s existence.

Founder 299

Founder Technical Review Startup Venture Capital 299