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Leaving Government for the Private Sector – Part 2

Steve Blank

I also work closely with all members of the executive team, the Board of Directors, and Advisory Board. Boards : The term “board” can mean two very different things in the commercial world – an Advisory Board versus a Board of Directors. An Advisory Board provides advice.

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6 Key Leaders Every Technical Startup Needs To Thrive

Startup Professionals Musings

The rest can come from early hires (with stock options to assure commitment), equity investors, or even strategic partners. If you can’t recruit all of these onto your direct team, the next best alternative is to build a first-class Advisory Board of outside people, with the requisite skills and a wealth of experience.

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6 Team Members Who Will Make Your New Venture Robust

Startup Professionals Musings

The rest can come from early hires (with stock options to assure commitment), equity investors, or even strategic partners. If you can’t recruit all of these onto your direct team, the next best alternative is to build a first-class Advisory Board of outside people, with the requisite skills and a wealth of experience.

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Startup Stock Options Are Not Reliable Compensation

Startup Professionals Musings

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 “potential bonus,” rather than a key part of your compensation for joining a startup. 7% Product Manager,2 -.3%

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The Wrong Advisory Board Will Hurt Your Startup

Startup Professionals Musings

If you are an entrepreneur for the first time, or entering a new business area, it’s usually worth your time to assemble an Advisory Board of two or three executives who have travelled that road before. Here are some tips on using your advisory board effectively: Select people who complement your experience.

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Should You Negotiate Ownership Options In A Startup?

Startup Professionals Musings

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%

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How Many Startup Stock Options are Enough?

Startup Professionals Musings

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%