Startup Professionals Musings

JUNE 11, 2014

The sales professional. A sales fanatic on the founder team helps to contain that risk. The combination of technical insight, founder authority, and sales experience is a hard-to-beat advantage in a competitive market. These people also have the credibility to attract investors.

Technical Cofounder 245

Technical Cofounder Cofounder Advisory Board Startup 245

Startup Professionals Musings

MARCH 29, 2015

Thus, options don’t “pay the mortgage” today, so to speak. Unless you have a sizable nest egg, or a working spouse with an income to support you, I would recommend that you consider any stock options as a “potential bonus,” rather than a key part of your compensation for joining a startup. 7% Product Manager,2 -.3%

Stock Options 120

Stock Options Stock Advisory Board Startup 120

Both Sides of the Table

MAY 27, 2013

In this period (less than 2 years) he has brought on incredibly talented senior execs is sales, marketing, product management, client services, finance, vp engineering and more. And you can often throw in a separate action like approving stock-option grants, getting approval for CAPEX spend, discussing fund raising timing – whatever.

Advisory Board 365

Advisory Board CTO Hire Fractional CTO Los Angeles 365

Austin Startup

SEPTEMBER 19, 2017

For startup founders, it’s never too early to start thinking about putting together a target market advisory board. The target market advisory board should consist of 2–4 industry veterans who have connections to C-level execs and VPs in your target market. As for compensation, stock options in the range of 0.1%

Advisory Board 48

Advisory Board Sweat Equity Marketing Vertical 48

Startup Professionals Musings

SEPTEMBER 13, 2015

The sales professional. A sales fanatic on the founder team helps to contain that risk. The combination of technical insight, founder authority, and sales experience is a hard-to-beat advantage in a competitive market. These people also have the credibility to attract investors.

Technical Cofounder 120

Technical Cofounder Cofounder Advisory Board Stock Options 120

Startup Professionals Musings

SEPTEMBER 25, 2019

Thus, options don’t “pay the mortgage” today, so to speak. Unless you have a sizable nest egg, or a working spouse with an income to support you, I would recommend that you consider any stock options as a “potential bonus,” rather than a key part of your compensation for joining a startup. 7% Product Manager,2 -.3%

Equity 237

Equity Stock Options Advisory Board Stock 237

Startup Professionals Musings

OCTOBER 21, 2017

Thus, options don’t “pay the mortgage” today, so to speak. Unless you have a sizable nest egg, or a working spouse with an income to support you, I would recommend that you consider any stock options as a “potential bonus,” rather than a key part of your compensation for joining a startup. 7% Product Manager,2 -.3%

Stock 140

Stock Stock Options Advisory Board Startup 140

Startup Professionals Musings

JULY 24, 2011

Thus, stock doesn’t “pay the mortgage” today, so to speak. Unless you have a sizable nest egg, or a working spouse with an income to support you, I would recommend that you consider any stock options as a “bonus,” rather than a key part of your compensation for joining a startup. Advisory Board Member, 1% Senior Engineer,3 -.7%

Equity 234

Equity Advisory Board Stock Options Stock 234

Startup Professionals Musings

JUNE 20, 2010

Thus, stock doesn’t “pay the mortgage” today, so to speak. Unless you have a sizable nest egg, or a working spouse with an income to support you, I would recommend that you consider any stock options as a “bonus,” rather than a key part of your compensation for joining a startup. Advisory Board Member, 1% Senior Engineer,3 -.7%

Stock 144

Stock Stock Options Advisory Board Startup 144

ReadWriteStart

JULY 14, 2011

These are people with whom you can share some type of value, but not tangible value like stock options or payment. Advisory boards: "Many people create an advisory boards and some companies never have an advisory board meeting. Your advisory board? Do you need a rock star advisor?

Advisory Board 135

Advisory Board Balance Sheet Silicon Valley Cofounder 135

Gust

DECEMBER 8, 2011

Advisory board agreements. Sales contracts accounting for significant revenue. Most startups will involve legal counsel whenever doing anything involving the company’s securities, such as adopting a stock option plan , making grants under the plan, issuing convertible notes in a financing round , and so forth.

Intellectual Property 139

Intellectual Property Non-disclosure Agreement Delaware Stock 139

Berkonomics

NOVEMBER 23, 2023

The document should also contain clear buy-sell clauses, forcing any sale of shares to first be offered to the corporate treasury, then to the other founders in proportion to their holdings, and then if there is no interest, to outside investors. How about multiple classes of stock? Here are some rules.

Equity 62

Equity Stock Options Vesting Early Stage 62

Small Business Force

JANUARY 1, 2012

Or, it could be something more formal like an advisory board made up of individuals who bring to your business both small business experience and/or functional expertise that you lack. So structure something that works for you and for them, whether that be cash or stock options in your company.

Advisory Board 33

Advisory Board Stock Options Small Business Stock 33

Both Sides of the Table

DECEMBER 9, 2013

Deal with company admin: 409a valuations, approve stock options, vote on key measures (15%). Ineffecient Board Meeting. In my nearly 15 years of attending board meetings I can tell you that the distribution of time actually spent on these activities while you’re in person is more like: 1. Between Board Meetings.

Advisory Board 337

Advisory Board Valuation Stock Options Seed Money 337

Berkonomics

SEPTEMBER 28, 2017

The document should also contain clear buy-sell clauses, forcing any sale of shares to first be offered to the corporate treasury, then to the other founders in proportion to their holdings, and then if no interest, to outside investors. In other words, you cannot create bargain options at below “market rates.” There are some rules.

Early Stage 102

Early Stage Equity Stock Options Vesting 102

Berkonomics

MAY 12, 2010

The document should also contain clear buy-sell clauses, forcing any sale of shares to first be offered to the corporate treasury, then to the other founders in proportion to their holdings, and then if no interest, to outside investors. In other words, you cannot create bargain options at below “market rates.” There are some rules.

Early Stage 85

Early Stage Equity Stock Options Vesting 85

Austin Startup

SEPTEMBER 9, 2018

As a result, I have a very active and engaged data.world Advisory Board and investor base. Then instead of being a low-level sale, we now had high-level adoption to help drive adoption of our solutions. All of the same lessons in this post apply to your Advisory Board members. Both are compensated to help you?—?investors

Advisory Board 48

Advisory Board Balance Sheet Stock Options Email 48