Trending Sources

A Startup Advisory Board Dream Team is Priceless

Gust

I recommend that every early-stage startup find three Advisory Board members. Besides laying out the benefits, your advisory board invitation letter also might include: Your business plan executive summary. The Advisory Board’s objectives and focus.

The Right Startup Advisory Board Has A Big Payback

Startup Professionals Musings

I recommend that every early-stage startup find three Advisory Board members. Once your company is past the startup stage, you do need a board of directors. What better candidates than your Advisory Board? payback entrepreneur advisory board startup business

Ben Dyer Joins Austin-based Enola Labs’ Advisory Board

SiliconHills

Ben Dyer, a serial technology entrepreneur and entrepreneur in residence at the Cockrell School of Engineering at the University of Texas at Austin, has joined the advisory board of Enola Labs. The Austin-based mobile and web development company is run by Marcus Turner, its president and chief technology officer. It is also in the process […] The post Ben Dyer Joins Austin-based Enola Labs’ Advisory Board appeared first on SiliconHills.

Should Your Startup Have an Advisory Board?

Both Sides of the Table

Many startup companies hire advisory boards. So do advisory boards really add value? In my experience most advisory boards under deliver relative to expectations. So you set up advisory meetings. Ok, next advisory board meeting in 60-90 days.

A Startup Advisory Board Dream Team is Priceless

Startup Professionals Musings

I recommend that every early-stage startup find three Advisory Board members. Besides laying out the benefits, your advisory board invitation letter also might include: Your business plan executive summary The Advisory Board's objectives and focus Minimum and maximum time commitment and involvement level The Advisory Board is quite different from a board of directors, which is required of some private companies in many states.

Critical Considerations for a Startup Advisory Board

Startup Professionals Musings

By Bob Arciniaga In developing the content for this article, it was very apparent this advice is not only critical for startups but for most companies. A properly built advisory board can be a huge strategic advantage to any company. Select the right board member.

Startup Business Development Strategies: 7 Tips For Putting.

Seed Stage Capital

skip to main | skip to sidebar 24 January 2010 Startup Business Development Strategies: 7 Tips For Putting Together Stellar Deals Business development is fun. There is a natural bias against working with firms that are unproven, underfunded, and still developing and/or evolving.

An Advisory Board is a Startup’s Best Investment

Startup Professionals Musings

I recommend that every early-stage startup find three Advisory Board members. Once your company is past the startup stage, you do need a board of directors. What better candidates than your Advisory Board?

The Importance of Advisory Boards for Startup CEOs

www.instigatorblog.com

The Importance of Advisory Boards for Startup CEOs Tweet When a startup receives financing it will need to setup a Board of Directors. The Board probably existed beforehand, but was made up only of the founders. But there’s another kind of board that’s equally important. In some ways it’s more important (although it doesn’t have any control over the business), and that’s the Board of Advisors.

Customer Development Biases

Market by Numbers

I haven’t weighed in on Customer Development thoughts for several hours, so it’s about time. Interesting series of tweets in the last several days got me thinking about the biases we bring to Lean Startup Customer Development practices.

What Startup Advisors Do I Need?

SoCal CTO

While Bob’s post focuses on Technology Advisors and the Startup Founder Developer Gap , we also discussed advisors more broadly. In some cases, Founders are building an Advisory Board with the purpose of padding their investor deck. I side more with Mark Suster who says : “advisory boards are an expensive equity proposition for merely introductions.” Bob Dorf just published a post Where are the Hackers?

Building Great Founding Teams

Steve Blank

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.).

Vision versus Hallucination – Founders and Pivots

Steve Blank

It was great to watch him embrace the spirit and practice of customer development. Tossing their agile development process and at times their entire business model in the air, the company would go into fire-drill mode and engineering would start working on whatever his latest insight was.

"Tap the Gray Hair!" - Creating and Using an Advisory Board/Board of Directors

Small Business Force

There are two types of boards that you can use - an advisory board or a board of directors. Typically, an advisory board is an ad hoc group that you might meet with or talk to either, individually, or as a group, primarily as a sounding board.

"Tap the Gray Hair!" ? Creating and Using an Advisory Board/Board of Directors

Small Business Force

There are two types of boards that you can use - an advisory board or a board of directors. Typically, an advisory board is an ad hoc group that you might meet with or talk to either, individually, or as a group, primarily as a sounding board.

Blank’s Rule – To predict the future 1/3 of you need to be crazy

Steve Blank

They gather up all the “brand-name wisdom” in an advisory board, task force, panel, study group, etc. If your gathered advisory board, task force, panel, study group, etc., You’d only need one rocket, already under development, to get to the moon.

[Infographic] Inside The Mind Of A Startup Entrepreneur

YoungUpstarts

Here’s a look at what a founder should be able to do: Development. Develop and track a funnel. Build an advisory board. Command a board room. What makes an entrepreneur tick?

10 Answers That Make Your Startup Plan Investable

Startup Professionals Musings

Entrepreneurs who are looking to attract investors need to develop and pitch a plan -- preferably written -- that answers every potential investor question about your startup before it is asked. Include advisory board member qualifications and key industry connections.

Entrepreneurs Experience – Do It and Learn It

Steve Blank

The class was designed to teach educators (and the adjunct entrepreneurs that support them) the Lean LaunchPad approach (Business Model Design, Customer Development and Agile Engineering) for teaching entrepreneurship. Filed under: Customer Development , Lean LaunchPad , Teaching.

The Academy For Software Engineering

A VC : Venture Capital and Technology

I want to personally thank the Mayor, his education team led by Dennis Walcott, and his economic development team led by Robert Steel for adopting an integrated set of technology, economic development, and education policies and then aggressively rolling them out city wide. Hopefully the curriculum that is developed and teachers that are trained at the Academy will get rolled out into high schools all over the city in the coming years.

Who Just Raised A $225 Million Financing in North Carolina?

Feld Thoughts

I’m psyched to be joining the board of a company co-founded and run by Mike Praeger, a friend of mine for over 20 years. During this call, he asked if I’d be open to joining the board of directors as part of the financing. I told him that I couldn’t as we don’t join boards for companies that we aren’t investors in. Before making a decision to invest, we talked to each member of our advisory board to get their feedback.

The Paradox of VC Value-Add

Feld Thoughts

Scott and I were both on the Microsoft VC Advisory Board that Dan’l Lewin organized and ran. That’s how a friendship develops, at least in my world. At one point we were a 70 person organization, with 10 partners, 20 associates, two business development people, three recruiters, a marketing person, two incubators (anyone remember Hotbank?), Scott Maxwell of OpenView Partners had an awesome post up this morning titled The Truth About VC Value-Add.

Supporting Cliff Avril and New Story

Seth Levine's VC Adventure

It is actually a Y-Combinator company (was the first non-profit to go through the Y-Combinator program) and has developed a very impactful (and novel) model for supporting housing development in areas of need. And, in case of funny coincidence, it turned out that my partner Brad was also involved as a member of the New Story advisory board.

Haiti 28

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

Steve Blank

Through that process, I lost a lot including some relationships with individuals, and I started to develop symptoms of acute anxiety. . Fortunately we had the confidence of a couple board members as well who were able to stand up for us. — Seeking help to cope with the anxiety he developed as Freshsessions was falling apart, Dan tried some web-based mental health practitioners. Filed under: Customer Development , SiriusXM Radio Show.

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

Steve Blank

Through that process, I lost a lot including some relationships with individuals, and I started to develop symptoms of acute anxiety. . Fortunately we had the confidence of a couple board members as well who were able to stand up for us. — Seeking help to cope with the anxiety he developed as Freshsessions was falling apart, Dan tried some web-based mental health practitioners. Filed under: Customer Development , SiriusXM Radio Show.

5 Lessons Every Entrepreneur Should Know

YoungUpstarts

Our intention from day one was to have both an executive board and an advisory board. Unfortunately, a formal advisory board was something we never fully formed. by Marcus Turner, President and CTO of Enola Labs.

6 Ideal Team Members For Any Entrepreneurial Venture

Startup Professionals Musings

In the midst of high-tech development, funding, and selling, someone has to keep the office network running, get processes documented, and manage to keep everyone happy and busy.

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. . Customer Development

Check Your Entrepreneurial DNA Before You Start Up

Startup Professionals Musings

It was developed by Joe Abraham , who manages a portfolio of successful high-growth international companies. As an angel investor, I get requests almost every day to review a new product or website, and provide feedback on its potential success.

8 Initiatives That Can Supercharge Your Startup

Startup Professionals Musings

As a member of the advisory board for several startups and a mentor to other entrepreneurs, I’ve accumulated my own list of strategies and recommendations on where “going the extra mile” can save you from disaster or supercharge your startup for maximum growth under any circumstances.

More Successful New Entrepreneurs Are Baby Boomers

Startup Professionals Musings

Member of the Advisory Board. Software and hardware development architects and designers. One of the biggest myths in the business world is that startups are no place for Baby Boomers, that aging generation born between 1945 and 1964.

7 Startup Pitfalls Can Kill Your Business Growth

Startup Professionals Musings

In my role as an advisory board member for several startups, I’m always excited to see that initial surge of revenue from a great rollout campaign. A great vision, and the creativity to develop an innovative solution, are necessary but not sufficient to build a great business.

Small Business Success Doesn’t Come Without Travel

Startup Professionals Musings

Business development and strategic partners. Mentoring and shared advisory board opportunities.

Making Friends With Millennials: Evolving The Customer Service Story

YoungUpstarts

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. Thinking Aloud customer development customer service Gen Y Generation Y Millennial Generation Millennials Simon Tate

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

Steve Blank

What do you do with an advisory board?” A lot of the skills that I developed there, and also in the writing for the public, have been very valuable in making, you know, in liaison with the investors and helping to recruit people. Customer Development

Pivot, don't jump to a new vision

Startup Lessons Learned

Each has its own iterative process: customer development and agile development respectively. The hardest part of entrepreneurship is to develop the judgment to know when its time to change direction and when its time to stay the course. IMVU had a roughly two-month-long development cycle. Each cycle was punctuated by a meeting of our Business Advisory Board (BAB). The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup?

Bob Dorf, co-author startup owner’s manual, Customer development: the science of acceleration for growth businesses

Business of Software Blog

Understanding the Customer Development Process. Those of you that are old enough to remember the days before agile development; perish the thought; if somewhere between the first two boxes your customers said, “All those features kind of suck.

10 Entrepreneur Qualities That Tag You as Fabulous

Startup Professionals Musings

Developing a superior virtual presence requires a mastery of several mediums – phone, email, text messaging, as well as handwritten notes – but the payoff is undeniable. Attract a superstar board of advisors. No entrepreneur is an island, so take the initiative to use an advisory board.

7 Reasons A Small Business Should Hire Advisors 

YoungUpstarts

Serve as a Sounding Board for Sensitive Challenges & Opportunities You Face as a Small Business. Executives interested in advisory roles often want the experience, intellectual stimulation, and opportunity to put advisory work on their resume as much as they want the compensation.

3 Ways to Tap Into Your Customers' Network

Inc Startups

Here's how you can develop stronger bonds that benefit both sides. Forming an advisory board composed of key potential customers is a good place to start. Connecting with customers is critical to business growth. The essence of business is connecting with customers.