The Care and Feeding of Startup Advisory Boards

Seed Stage Capital

skip to main | skip to sidebar 02 September 2009 The Care and Feeding of Startup Advisory Boards A recent post on Vator.TV got me thinking about startup advisory boards. Care and Feeding of Advisors Once youve built your rock-star advisory board, what do you do with them?

Target market advisory boards

Austin Startup

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.

Trending Sources

10 Answers That Make Your Startup Plan Investable

Startup Professionals Musings

You need to identify pricing details, sales channels, strategic partners and a customized marketing plan consistent with your industry and target segment. Include advisory board member qualifications and key industry connections.

7 Steps For Establishing The Right Business Model

Startup Professionals Musings

Businesses require an equally elegant business model, with the right price, messaging and delivery channel to the right target customers to keep the dream alive and growing. Test your channel and support strategy.

What Do I Do Now? The Startup Lifecycle

Steve Blank

I made it this far,” he said, ”and my board agreed they’d bet on me to take it to scale. He managed chaos and uncertainty, and took action rather than waiting around for someone on his board to tell him what to do, and his decisions kept his company from dying.

These 10 Key Elements Make a Business Plan Fundable

Gust

Clearly define the customer, channel, and revenue model associated with this solution. Describe your market penetration strategy, sales channels, pricing, and strategic partnerships. Include Advisory Board members and key industry people connections.

Vision versus Hallucination – Founders and Pivots

Steve Blank

He should make sure that there aren’t other parts of the business model (revenue model, pricing, partners, channel, etc.) Finally, I suggested that he find someone he respects on his advisory board, who he was comfortable brainstorming with and would tell him when he has a bad idea.

Technical Product Elegance is Not a Business Model

Startup Professionals Musings

In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. Gather some representative customer contacts, and give them your best sales pitch, including price, channel, and support.

These 10 Key Elements Make a Business Plan Fundable

Startup Professionals Musings

Clearly define the customer, channel, and revenue model associated with this solution. Describe your market penetration strategy, sales channels, pricing, and strategic partnerships. Include Advisory Board members and key industry people connections.

Welcome To The Year Of The Customer

YoungUpstarts

Customers now interact with brands through multiple communication channels and devices. Simon is also an independent company director and has served on a number of advisory boards with technology focused companies in early stage (A or B) funding.

Entrepreneurs Need Focus on Their Business Model

Startup Professionals Musings

In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. Gather some representative customer contacts, and give them your best sales pitch, including price, channel, and support.

Avoiding Undue Diligence: My Strange Approach To Angel Investing

OnStartups

I take the money that I would have invested in deals I'm already in, and just channel it to new startups. No advisory board positions or official involvement. In a few weeks, I'm going to write a $25,000 check to invest in a company that currently does not exist.

Investors Expect Ten Essentials in a Business Plan

Startup Professionals Musings

Clearly define the customer, channel, and revenue model associated with this solution. Describe your market penetration strategy, sales channels, pricing, and strategic partnerships. Include Advisory Board members and key industry people connections.

Four Common Startup Issues Which Threaten Survival

Startup Professionals Musings

Add an advisory board or experienced mentor to reality-check your financial projections, timeframes, and milestones before you publish them. The best survival guides tell you how to be proactive and avoid the probabilities of ending up in a worst case scenario.

A Better Way To Ask For Investor Intros

Seed Stage Capital

If you have an advisory board, great-- this is where they can really come in handy (and if you don’t have an advisory board, you might consider building one ). Channel a bit of Alex Baldwin from Glengarry Glen Ross and repeat the ABC’s after me-- “ Always.

How much equity do I give an advisor? What do they give me?

The Startup Toolkit

Those numbers get completely thrown out when the advisor is your distribution channel. I’ve heard of similar “advisory” requests from other big celebrities, ranging from a 50-90% stake, which is really more like a merger. Don’t rush to “fill” your advisory board. 0.5-2% seems to be normal, trending toward the high end if you’re pre-funding and the low end if you’ve already raised a decent round[1].

Five Dumb Things Investors Want You To Stop Doing

Inc Startups

Sullivan is a founder and partner at StarVest Partners and serves on the Astia Board of Trustees with me. She also chairs Astia’s NYC Advisory Board. Surround yourself with an advisory board that can help you take flight Any of these mistakes will kill a deal.

Eleven Essential Components Of A Successful Social Media Strategy

YoungUpstarts

Branding: Be consistent across all channels. In most instances it’s okay to be less formal on social media channels —just make sure that your updates, statuses, comments, etc. Channels: Join the right networks for your company.

Entrepreneurs are Everywhere Show No. 45: Dan Miller and Brian Zuercher

Steve Blank

Fortunately we had the confidence of a couple board members as well who were able to stand up for us. 13, at 1 pm PT, 4 pm ET on Sirius XM Channel 111 to hear these upcoming guests on Entrepreneurs are Everywhere : George Zimmer , founder of Men’s Wearhouse and now founder, chairman and CEO of Generation Tux ; and Scott Adams , creator of Dilbert.

Entrepreneurs are Everywhere Show No. 45: Dan Miller and Brian Zuercher

Steve Blank

Fortunately we had the confidence of a couple board members as well who were able to stand up for us. 13, at 1 pm PT, 4 pm ET on Sirius XM Channel 111 to hear these upcoming guests on Entrepreneurs are Everywhere : George Zimmer , founder of Men’s Wearhouse and now founder, chairman and CEO of Generation Tux ; and Scott Adams , creator of Dilbert.

Making Friends With Millennials: Evolving The Customer Service Story

YoungUpstarts

Instead, Facebook is the most popular social channel for customer service questions and is used twice as often as Twitter, which is the second most-used social media site. by Simon Tate, Area Vice President for Commercial Business – Asia, Salesforce.

How to Survive Four Common Worst Case Scenarios

Startup Professionals Musings

Add an advisory board or experienced mentor to reality-check your financial projections, timeframes, and milestones before you publish them. Too many startups simply follow the standard distribution channels, use standard pricing, and count on their one extra feature to give them the market. The best survival guides tell you how to be proactive and avoid the probabilities of ending up in a worse case scenario.

Startup Business Development Strategies: 7 Tips For Putting.

Seed Stage Capital

The initial enthusiasm fades as you get into the details, and you realize that the technology integration hurdles are massive, or that your partner’s marketing channels are not as strong as they appeared.

How to Get World Class Experts to Support Your Company

David Teten

Those interactions vary – from mentorship and product feedback to learning about unmet needs in a market or understanding whether a sales channel is worth pursuing. As the former CEO of a professional expert network , I’m a firm believer in the value of speedy access to relevant experts.

Entrepreneurs are Everywhere show No. 4: David Lerner and Gary Marcus

Steve Blank

That was the message from the latest guests on Entrepreneurs are Everywhere , my radio show on Sirius XM Channel 111. Entrepreneurs are Everywhere airs Thursdays at 1 pm Pacific, 4 pm Eastern on Sirius XM Channel 111. What do you do with an advisory board?”

Entrepreneurs are Everywhere Show No. 32: Evangelos Simoudis and Ashok Srivastava

Steve Blank

A thought leader in the area of big data analytics, social media, optimization, machine learning, and data mining, he also served as a Venture Advisor focusing on big-data analytics at Trident Capital , and was on the advisory board of several startups. .

What Startups Can Learn From Sailors (Part Deux.

Seed Stage Capital

It is in these moments that I channel a bit of Spock. Channel a bit of Spock. skip to main | skip to sidebar 04 June 2011 What Startups Can Learn From Sailors (Part Deux) Note: This is the second installment of a series that draws parallels between sailing and running a startup.

SBIC 46

Three Things That Matter When Seeking Finance For Internationalization

ArcticStartup

This may involve e.g. automated sales to small companies, or a proven channel model, or perhaps both. The Board, too should be knowledgeable and energized to direct the company towards its goals. This is a guest post written by Markko Vaarnas from Takeoff Partners. Photo: Shutterstock.

What Kind of Workspace Is Best For Your Startup?

mashable.com

Whether that’s a funny ringtone or an impromptu blast of Rebecca Black’s “Friday,&# coworking can be a great way to network, make friends and have a built-in advisory board of people from many different industries.

[Excerpt] Earlyvangelists: The Most Important Customers of All

ReadWriteStart

In both physical and Web/mobile channels, earlyvangelists display these common characteristics: They have a problem or need. Moreover, they can be potential advisory board candidates. Web/mobile businesses conduct customer discovery differently from those in the physical channel.

There’s Something Abuzz With GoodBuzz

YoungUpstarts

GoodBuzz allows organizers to leverage on various channels – email, social networks, banners, word-of-mouth, etc.

Dear China: Stop Stealing My Intellectual Property, Or Else

Inc Startups

That’s why I recently I joined the advisory board of a new organization called the National Alliance for Jobs and Innovation. Competitors in emerging markets can't be allowed the advantage of pirated technology.

Lithuanian Place I live goes to New York, London and maybe your city

ArcticStartup

The service is now available in New York, London, San Francisco, Chicago, and Berlin, allowing people who move within or to these cities to make more informed decisions, while property owners can access a quality-driven channel for selling or renting their properties.

How to Build a Great Founding Team

Inc Startups

However, in some industries such as life sciences, founders may be tenured professors who are not going to give up their faculty positions, so they often become the head of a startup’s scientific advisory board, but aren’t part of the founding team.)

The 10 Best Real Estate Schools Compared: Meet the Winner!

Blogtrepreneur | Entrepreneur Blog

The Institute also has an advisory board made up of prominent and influential figures in the national sphere. The videos can be found on KW Academy's YouTube Channel. Who wouldn´t want a career in one of the fastest growing areas of employment in the country?

Startup Resources

www.vccafe.com

Microsemi (Actel) smartfusion : A low power development board full of peripherals and an FPGA chip. Printed Circuit Boards. Simple online team or personal kanban board. Executive / Advisory Board Compensation. VentureHacks on Startup Advisory Boards â??

Tictail Raises €1.2 Million For DIY E-Commerce Platform

ArcticStartup

Members of Tictail's advisory board, including Spotify CPO Gustav Söderström and Tumblr COO Fredrik Nylander, have also made personal investments in the company. Tictail , the "Tumblr of e-commerce" has grabbed a solid €1.2

Invesdor Launches Equity-Crowdfunding Platform That Skips The Paperwork

ArcticStartup

And in 2013 they will begin charging €99 per month for an "Investor Channel" which is a Facebook or Yammer-type feed an entrepreneur can use to get in contact with his shareholders after the funding round has been successfully completed.

Why Content Favors the Old (Entrepreneur)

pandodaily.com

It’s started by Marc Ruxin , a former A&R man for EMI Records who has been on a million advisory boards in the Valley and had several jobs in and around pop culture. the year that social is leaving the doors and we realize that all the social platforms are "just" channels to advertise, tell your story or to promote a coupon is also the year we notice that writing is more as just following the blog 101 and making "the best 10 whatever wtf" lists.We

5 Ways to Win Over a Social Angel

Inc Startups

Goldstein struck her deal with graduates of the angel investing boot camp, Pipeline Fellowship , a nonprofit started by 27-year-old social entrepreneur Natalia Oberti Noguera to channel women philanthropists into angel investing. Don't assume a socially conscious angel will be a soft touch.