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Best and Worst Practices (Plus FAQs) for Layoffs

OnlyOnce

Follow up with an all-hands meeting to explain what happened, why you made the choices you did—preferably with metrics to back up your decisions—what’s next for the company, and whether people who weren’t laid off are at risk in the future. (Be In situations like this, it’s also a good idea to share metrics.

Salary 62
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Who Should be on Your Startup Board?

Both Sides of the Table

just having a sparring partner with a vested interest in your success can be useful. If your metric move immediate up-and-to-the-right? If you get a smart person on the board?—?just As per the chart above, I highly recommend keeping a founder dominated board at the seed stage. But it’s quite rare.

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Entreprenuer Network

SoCal CTO

skip to main | skip to sidebar SoCal CTO Thursday, March 1, 2007 Entreprenuer Network Great post by Ben Kuo - The Importance of the “Network&# to Entrepreneurs - the informal connections between people in the technology industry here who have a vested interest in helping entrepreneurs take their companies to the next level.

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Opinion: It’s a startup world

NZ Entrepreneur

This equity will vest over 2-3 years. Agenda items will focus on key metrics illustrating value creation, particularly in software as a service companies. Remuneration will reflect the stage of the startup but it’s generally at a rate of about $500-1000 a meeting or directors might be paid in equity at about 0.5-0.75%

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The New Deal – A Founding CEOs Value is Non Linear

Steve Blank

As a founder I fought with VC’s over vesting as they brought in a new CEO and walked me out the door. As a board member I negotiated with founding CEO’s over vesting when I thought it was their time to go. Yet the traditional vesting model ignores this. It’s time to rethink how we vest stock for founding CEOs.

Vesting 251
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Is Your VC Founder Friendly?

Steve Blank

Will they tailor your vesting to your contribution as a founder? Do they have metrics and a methodology they use for early stage companies that differs from companies that have already found a business model? Will The VC Tailor Your Vesting to Your Contribution? What startup stage do they typically invest in? Lean Startups ?

Founder 231
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Bad Notes on Venture Capital

Both Sides of the Table

There were no metrics. Him: On metrics. If we priced it based on any metrics your company would likely be worth less than 7 figures at your A round. of the time I have no vested interest in having the debate. It’s like we need a finance 101 course for entrepreneurs. So a convertible note was easier. Your A round?