Startup Professionals Musings

NOVEMBER 2, 2022

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors know that startups with too much money fail just as often as those with not enough. Build your business with minimum outside funding.

Forecast 304

Forecast Stock Options Technical Review Metrics 304

Startup Professionals Musings

JULY 1, 2022

Wouldn’t you like to be one of the lucky people who joined Google and Facebook when these were startups, and now be a multi-millionaire or better? So people ask me “How many shares should I ask for or expect when I join a startup today?” Thus, options don’t “pay the mortgage” today, so to speak. 7% Product Manager,2 -.3%

Stock Options 343

Stock Options Advisory Board Stock Startup 343

Startup Professionals Musings

SEPTEMBER 22, 2012

Wouldn’t you like to be one of the lucky people who joined Google and Facebook when these were startups, and now be a multi-millionaire? So people ask me “How many shares should I ask for when I join a startup today?” Thus, stock doesn’t “pay the mortgage” today, so to speak. Advisory Board Member, 1% Senior Engineer,3 -.7%

Stock Options 230

Stock Options Stock Advisory Board Startup 230

Startup Professionals Musings

JULY 9, 2014

If you think you are the perfect fit for the entrepreneur lifestyle, but you’re not yet sure if you’re ready to start your own, then I recommend that you take a job with an existing startup first to validate the culture realities against your dream. Running or working for a startup is more of a lifestyle than a career choice.

Technical Review 250

Technical Review Stock Options Due Diligence Silicon Valley 250

Startup Professionals Musings

MARCH 29, 2015

Wouldn’t you like to be one of the lucky people who joined Google and Facebook when these were startups, and now be a multi-millionaire? So people ask me “How many shares should I ask for or expect when I join a startup today?” Thus, options don’t “pay the mortgage” today, so to speak. 7% Product Manager,2 -.3% Marty Zwilling.

Stock Options 120

Stock Options Stock Advisory Board Startup 120

Startup Professionals Musings

AUGUST 27, 2014

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors know that startups with too much money fail just as often as those with not enough. Build your business with minimum outside funding.

Startup 283

Startup Forecast Stock Options Technical Review 283

Startup Professionals Musings

FEBRUARY 8, 2020

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors know that startups with too much money fail just as often as those with not enough. Build your business with minimum outside funding.

Management 322

Management Entrepreneur Forecast Stock Options 322

Both Sides of the Table

SEPTEMBER 6, 2010

Options are gravy - I lived through the first dot com era where we used stock options as a recruiting tool. We give out stock options. Do the harder work and convince them to join anyways – without the stock option bravado. ** Unless you really are Mark Pincus, Mark Zuckerberg, Ev Williams or similar.

Stock Options 294

Stock Options Stock Valuation Liquidation Preference 294

Up and Running

OCTOBER 19, 2021

As a startup looking to hire your dream team, this news can be exciting. A recent report from CB Insights found that 14% of startups fail because they didn’t have the right team. If you’re ready to recruit your startup dream team, here’s how to do it. 4 qualities to look for in a good startup employee.

Startup 127

Startup Salary Stock Options Employee 127

Startup Professionals Musings

FEBRUARY 9, 2020

In my years of advising startups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. You need to have a technical genius on the team to get your startup product off the ground. Outsourcing your core competency does not work.

Technical Cofounder 308

Technical Cofounder Cofounder Advisory Board Stock Options 308

Startup Professionals Musings

FEBRUARY 18, 2018

In my years of advising startups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. You need to have a technical genius on the team to get your startup product off the ground. Outsourcing your core competency does not work.

Technical Cofounder 144

Technical Cofounder Cofounder Advisory Board Startup 144

Startup Professionals Musings

JUNE 11, 2014

In my years of advising startups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. You need to have a technical genius on the team to get your startup product off the ground. Outsourcing your core competency does not work.

Technical Cofounder 245

Technical Cofounder Cofounder Advisory Board Startup 245

SoCal CTO

NOVEMBER 14, 2012

I was just asked about a particular startup situation (seed stage, CMO hire, non-founder) and particularly what compensation and equity is appropriate. Quick & Dirty How-To: Employee Stock Option Allocations Seed Stage Compensation What are typical compensation numbers?

CTO Hire 329

CTO Hire Equity Seed Stage Option Pool 329

Startup Professionals Musings

MAY 8, 2022

Most entrepreneurs struggle with many startup founders quandaries in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. Offer low cash early, with bonuses or stock options for milestones, to people in your personal network.

Founder 325

Founder Hockey Stick Cofounder Liquidity Event 325

Both Sides of the Table

JANUARY 21, 2010

If you’re a startup and you don’t have a close relationship with a few law firms you’re really missing one of the most important relationships that any entrepreneur can have. I write about some of the lessons in my post on Startup Mistakes. I know that people have an allergy to lawyers out of fear of being screwed.

Southern California 318

Southern California Silicon Valley IP Stock Options 318

Startup Professionals Musings

AUGUST 8, 2022

An even better alternative could be stock options, linked to the long-term success of the company. Typical incentives give percentages of quarterly revenues and contribution as rewards for success. You need different rewards for a team running an innovation project, such as reaching agreed milestones.

Stock Options 277

Stock Options Incubator Framework Stock 277

Startup Professionals Musings

APRIL 10, 2016

Every startup founder loves to prompt for questions from investors and potential key team members about their vision, and the huge opportunity that can be had with their disruptive technology. Early stage burn rates over $50K per month, or a runway of less than six months may indicate an inefficient or desperate startup.

Burn Rate 120

Burn Rate Sweat Equity Technical Review Intellectual Property 120

Steve Blank

OCTOBER 23, 2023

Advisory Board members are often paid in a balance of equity (stock options) and cash (“cash” is the industry term for money wired to your bank account). For me, personally : People in the senior ranks at startups usually call themselves operators. How should you think about and mitigate risk if joining a startup?

Government 212

Government Advisory Board Salary Sales Cycle 212

Startup Professionals Musings

APRIL 8, 2015

Every startup founder loves to prompt for questions from investors and potential key team members about their vision, and the huge opportunity that can be had with their disruptive technology. Early stage burn rates over $50K per month, or a runway of less than six months may indicate an inefficient or desperate startup.

Technical Review 120

Technical Review Due Diligence Sweat Equity Burn Rate 120

Startup Professionals Musings

SEPTEMBER 9, 2015

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors know that startups with too much money fail just as often as those with not enough. Build your business with minimum outside funding.

Forecast 120

Forecast Startup Stock Options Technical Review 120

Both Sides of the Table

AUGUST 14, 2017

ICOs certainly have a place in startup financing. Executives run the day-to-day so often the board is more involved as a sparring partner at key intervals. The administrative work we actually do at board meetings?

Cofounder 217

Cofounder Stock Options Equity Technical Review 217

The Startup Lawyer

JANUARY 2, 2014

One asset that startups should consider taking advantage of is advisors. Luckily for startups, advisors are prevalent and can be readily found through incubators, networking and/or personal contacts. The best advisors are in it to pay it forward or give back to the startup community. Stock Options'

Stock Options 54

Stock Options Stock Incubator Community 54

Startup Professionals Musings

OCTOBER 18, 2015

If you think you are the perfect fit for the entrepreneur lifestyle, but you’re not yet sure if you’re ready to start your own, then I recommend that you take a job with an existing startup first to validate the culture realities against your dream. Running or working for a startup is more of a lifestyle than a career choice.

Technical Review 120

Technical Review Entrepreneur Stock Options Due Diligence 120

SoCal CTO

JUNE 9, 2010

Continuing my series of posts that I’ve been collecting that live at the intersection of Startups and being a Startup CTO : Startup CTO Top 30 Posts for April 16 Great Startup Posts from March here are the top posts from May 2010. It is to out friend. Enjoyed this post? It's a great talk. Why Entrepreneurs Hate Lawyers.

Fractional CTO 248

Fractional CTO Startup Venture Capital Cofounder 248

Both Sides of the Table

APRIL 19, 2011

I recently sat down with Matt Coffin , the founder of LowerMyBills, which sold for $400 million but was very nearly a bankruptcy only a few years early, and talked “startups.&#. Matt is one of the most transparent, focused & honest startup guys you’ll meet. Mark: 10% warrant coverage is like stock options.

Acquisition 304

Acquisition Customer Warrant Term Sheet 304

The Next Web

OCTOBER 25, 2013

If you look at some of the latest startup offices, there seems to be a competition to who can have the coolest ping pong tables, kitchen, and big TVs displaying real time data. We spoke to some of the hottest startups to hear their experiences and tips for building a space that welcomes productivity, creativity, and keeps employees happy.

San Francisco 167

San Francisco Design Product Startup 167

Startup Professionals Musings

FEBRUARY 17, 2018

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors know that startups with too much money fail just as often as those with not enough. Build your business with minimum outside funding.

Forecast 161

Forecast Stock Options Technical Review Metrics 161

Startup Professionals Musings

SEPTEMBER 25, 2019

Wouldn’t you like to be one of the lucky people who joined Google and Facebook when these were startups, and now be a multi-millionaire or better? So people ask me “How many shares should I ask for or expect when I join a startup today?” Thus, options don’t “pay the mortgage” today, so to speak. 7% Product Manager,2 -.3%

Equity 237

Equity Stock Options Advisory Board Stock 237

The Next Web

JUNE 15, 2012

From Silicon Valley to Peoria, Illinois, cash-strapped startups look for inventive way to finance their business – often handing out equity to employees, consultants, vendors, and other service providers. Speed is often of the essence early on in the startup lifecycle, and that often means rushing into casual arrangements.

Equity 116

Equity Stock Options Vesting Stock 116

Startup Professionals Musings

DECEMBER 10, 2022

In my own experience as a startup advisor and mentor, I find that entrepreneurs who can’t attract and maintain a highly motivated team rarely even get off the ground. Thus if you want to change the world with your new business, you need to follow the example of startups like Zappos , which hires according to cultural fit first.

Stock Options 362

Stock Options Salary Leadership Stock 362

Both Sides of the Table

JUNE 17, 2017

There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up because, “How could they succeed when they’re not even profitable!” What did they actually do?

Stock Options 227

Stock Options Startup Dilution Venture Capital 227

crowdSPRING Blog

OCTOBER 10, 2014

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! The ROI of Blogging: What the Groove Blog is Worth to Our Startup – crowdspring.co/YUXa2r. The Ultimate Startup Marketing Strategy | by Venture Harbour – [link] crowdspring.co/1xxV8lb.

Social Media 97

Social Media Small Business Design Media 97

The Startup Magazine

MAY 19, 2020

For many entrepreneurs and startups, investing in stocks is a good option for building more capital. So knowing more about stocks and trading is critical. A stock, which can also be referred to as a share or equity, is a proof of ownership of a fraction or part of a business entity.

Stock 89

Stock Securities and Exchange Commission United Kingdom Technical Review 89

YoungUpstarts

JULY 17, 2020

The startup world is a perfect microcosm for these strange times — even in normal circumstances, a startup is always on a tightrope, one step away from unicorn status or financial ruin. As startups pivot to meet the changing landscape, here are four things to consider: 1. Evaluate and Reallocate Budget.

Startup 239

Startup Wisconsin Stock Options Dividend 239

Both Sides of the Table

FEBRUARY 19, 2019

Startups that are backed by professional financial investors almost always have a Board of Directors that consists of some set of founders, investors and sometimes independent directors. It is worth pointing out that there are actually three levels of governance in venture-backed startups. This is often called “corporate governance”?—?in

Startup 204

Startup Dilution Government Stock Options 204

Startup Professionals Musings

NOVEMBER 6, 2019

An even better alternative could be stock options, linked to the long-term success of the company. Typical incentives give percentages of quarterly revenues and contribution as rewards for success. You need different rewards for a team running an innovation project, such as reaching agreed milestones.

Stock Options 236

Stock Options Incubator Framework Stock 236

Startup Professionals Musings

OCTOBER 21, 2017

Wouldn’t you like to be one of the lucky people who joined Google and Facebook when these were startups, and now be a multi-millionaire or better? So people ask me “How many shares should I ask for or expect when I join a startup today?” Thus, options don’t “pay the mortgage” today, so to speak. 7% Product Manager,2 -.3%

Stock 140

Stock Stock Options Advisory Board Startup 140