Gust
APRIL 20, 2014
It’s your startup, so you can give early partners any title you want, but be aware of potential investor and peer implications. A few other credible ones would include Chairman of the Board (COB), Chief Operating Officer (COO) and Chief Marketing Officer (CMO). Image via Wikimedia Commons.
Gust
DECEMBER 15, 2011
Having taken stock of the main legal documents and actions involved in forming and operating a new startup, let’s crack open the “case” (disregarding the warnings about voiding your warranty) and examine a few of the steps, documents and key decisions to be made in getting a new startup ready for business.
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Gust
OCTOBER 21, 2012
Good implementation requires a plan, and a good plan and good operational decisions come from good people. People and operational excellence have to converge in every business, large or small. I found a good summary of the relevant keys to business operational excellence in a new book by Faisal Hoque, called “ The Power of Convergence.”
Gust
SEPTEMBER 10, 2014
What VCs invest in are operating companies that are ready (or almost ready) to scale. Instead, they have a limited amount of money entrusted to them by limited partners, and they invest in a very, very few companies each year. The question is based on a misunderstanding of how venture capital investment works.
Gust
NOVEMBER 9, 2013
The latter profession sees you by referral from another doctor, operates on you while you’re asleep, and rarely sees you again. I hear you ask. Think about it for a bit, and particularly if you''ve had personal experiences with either/both groups.]. They don’t NEED to be friendly!
Gust
MARCH 5, 2014
Typically, this would be done by having different partners represent the fund on the two different boards, and even recusing themselves from voting or discussions if board level deliberations verge into specifically competitive areas.
Gust
DECEMBER 29, 2013
Rely on informal agreements with partners. The same principles apply to strategic partners. Later, when your venture is trying to close on financing, or even going public, that forgotten partner surfaces, demanding their original share. Make it a rule to not fraternize with your employees, and choose your partners wisely.
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