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5 Reasons To Enlist Outside Advisors For Your Startup

Startup Professionals Musings

An experienced Board can give them credibility, as well as advice on the many pitfalls of starting a new company. Especially if you are a first-time business owner, the payback for this initiative is well worth the effort and cost. Board members provide inexpensive expertise. Advisory members are Board of Directors candidates.

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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. From RBI, Flexible VCs borrow the ability to reap meaningful returns without demanding founders build for an exit. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad.

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boldstart 2018 recap and what’s hot in enterprise 2019

BeyondVC

Thanks to all of the amazing founders, advisors, co-investors, corporate partners, and others that helped make 2018 an amazing year. To that point, we are most excited when our founders are able to go from slide deck to product-market fit and Series A and beyond. We are truly grateful for your support. First check to Series A?—?congrats

Stealth 79
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The Entrepreneur’s Essentials #16: The importance of reference checking

Austin Startup

We were really impressed with Keith Benjamin in particular and he was joining our Board of Directors (unfortunately Keith passed away in a tragic accident in 2008 as I wrote about in this Bazaarvoice blog post ; I think about him often?—?he The new CEO then drove out the founders of the business and the business hasn’t recovered since.

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Do It Right The First Time, Part II: Visit the Doctor or House Call?

Gust

Likewise, founders can benefit from understanding basic characteristics of the overall legal structure, formation and governance documents, rights and responsibilities of team members, etc. Stepping off the soapbox, let’s examine the highest level “To Do” list for a new startup: Formation, Governance and Equity. Newco, Inc.”)

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How to Build a Global Center of Innovation Excellence in Salzburg, Austria

Pascal's View

I recently joined the Advisory Board to Gerhard Blechinger , the Rector of the FachHochschule Salzburg, (the Salzburg University of Applied Sciences) and became a guest lecturer on Entrepreneurship at the University. Why is this the case?

Austria 28
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Everything you ever wanted to know about advisors: Part 2.

venturehacks.com

Normal advisors are also assembled by naive entrepreneurs who think the mere presence of an advisory board will create social proof and help them raise money. But investors don’t take these mock advisory boards seriously. The opportunity cost is probably too high. Or they raise your money for you. Learn more.