YoungUpstarts

AUGUST 5, 2015

We were not any different, we had corporate bylaws, which my partner and I both reviewed and signed. Our company was essentially going to be 50/50, but since my partner at the time was Indian, we decided that we would apply for HUB status as a business. Unfortunately, a formal advisory board was something we never fully formed.

CTO Hire 100

CTO Hire Fractional CTO Advisory Board Software Review 100

Startup Professionals Musings

FEBRUARY 18, 2018

He gives a wealth of practical advice on building a successful technical startup, including some specifics that I like on what constitutes a dream team of partners: The technical guru. Being the leader doesn’t mean more equity, nor does it mean the leader will necessarily be CEO. Outsourcing your core competency does not work.

Technical Cofounder 144

Technical Cofounder Cofounder Advisory Board Startup 144

David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. From traditional equity VC, Flexible VC borrows the option to pursue and reap the rewards of an outsized exit. Flexible VC 101: Equity Meets Revenue Share. Equity Ownership. Yes, typically preferred equity. Of the Inc. Example VC.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

thinkspace.com

SEPTEMBER 7, 2012

How to Divide Equity to Startup Founders, Advisors, and Employees. The part that I’d like to zero in on is when you’ve got a high growth company what are some of the best practices out there to distribute equity to the founders, advisors, and employees? Equity for Founders. Equity for Employees. Bookkeeper.

Equity 62

Equity Employee Founder CTO Hire 62

Startup Professionals Musings

JULY 8, 2020

Many startup founders I know avoid establishing a formal advisory board or board of directors for as long as possible, with the excuse that this is just another burden, or it has more risk than value to the founder. To show your commitment, and keep theirs, all board members should be compensated.

Advisory Board 336

Advisory Board Startup IPO Government 336

Startup Professionals Musings

JUNE 11, 2014

Being the leader doesn’t mean more equity, nor does it mean the leader will necessarily be CEO. The rest can come from early hires (with stock options to assure commitment), equity investors, or even strategic partners. It just means that the cofounders trust one of their own and are willing to follow. The industry veteran.

Technical Cofounder 245

Technical Cofounder Cofounder Advisory Board Startup 245

Berkonomics

NOVEMBER 23, 2023

Here is the warning: The execution of equity allocations and of a good incentive program using equity is often mismanaged, damaging the corporate capitalization structure and even affecting the outcome of subsequent investment into the company. … Equity is divided between the founders and the business begun.

Equity 62

Equity Stock Options Vesting Early Stage 62

www.instigatorblog.com

MARCH 2, 2010

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. Mark Macleod spells it out beautifully in his post on Advisory Boards. Why wouldn’t you?

Advisory Board 40

Advisory Board Startup Cofounder Equity 40

Startup Professionals Musings

SEPTEMBER 30, 2013

Make sure your plan answers every relevant question that you could possibly imagine from your business partners, spouse, and potential investors. Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction.

Intellectual Property 281

Intellectual Property Entrepreneur Sweat Equity CTO Hire 281

Austin Startup

SEPTEMBER 19, 2017

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. Never discount the power of a warm intro.

Advisory Board 48

Advisory Board Sweat Equity Marketing Vertical 48

Board Effect

JANUARY 6, 2021

As the details of these tragedies unfolded, the incidents opened up a national conversation about the need to take a serious look at the issue of diversity, equity, and inclusion within every organization and walk of life. It’s not uncommon for nonprofits to recruit experienced and qualified businesspeople to serve on their boards.

Equity 105

Equity Community Advisory Board Chicago 105

Startup Professionals Musings

AUGUST 31, 2012

Make sure your plan answers every relevant question that you could possibly imagine from your business partners, spouse, and potential investors. Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction.

Intellectual Property 260

Intellectual Property Sweat Equity CTO Hire Fractional CTO 260

Startup Professionals Musings

SEPTEMBER 13, 2015

Being the leader doesn’t mean more equity, nor does it mean the leader will necessarily be CEO. The rest can come from early hires (with stock options to assure commitment), equity investors, or even strategic partners. It just means that the cofounders trust one of their own and are willing to follow. The industry veteran.

Technical Cofounder 120

Technical Cofounder Cofounder Advisory Board Stock Options 120

Startup Professionals Musings

JUNE 17, 2011

Make sure your plan answers every relevant question that you could possibly imagine from your business partners, spouse, and potential investors. Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction.

Intellectual Property 253

Intellectual Property Sweat Equity CTO Hire Fractional CTO 253

Board Effect

FEBRUARY 27, 2024

D iversity, equity, and inclusion (DEI) is now a critical part of the conversation in every boardroom in America. Corporate boards are gradually working toward increased diversity and chasing the recognized value in more diverse leadership.

Technical Review 52

Technical Review Technology Advisory Board Leadership 52

David Teten

JANUARY 10, 2012

With a unique vision for starting and successfully managing innovative companies, he is the Managing Partner of Social Leverage, a holding company that invests in early stage web businesses. Mr. Parekh serves on various advisory boards of start-up internet companies. and Tweetdeck (purchased by Twitter in June 2011).

Technical Review 128

Technical Review Technology North Carolina Switzerland 128

Startup Professionals Musings

MAY 22, 2010

Make sure your plan answers every relevant question that you could possibly imagine from your business partners, spouse, and potential investors. Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction.

Intellectual Property 222

Intellectual Property Sweat Equity CTO Hire Fractional CTO 222

Berkonomics

SEPTEMBER 28, 2017

For those negotiating equity allocations it covers some of the most complex issues to address in the process. Here’s an example: First, a brand-new enterprise is often formed from the efforts of several “partners”, each with an expertise valued by the others. Equity is divided between the founders and the business begun.

Early Stage 102

Early Stage Equity Stock Options Vesting 102

VC Cafe

JULY 5, 2010

To learn more, VC Cafe interviewed Brian Rosenzweig, one of the managing partners in the new fund and the former marketing director at 21Ventures. Ultimately it is up to the Management Team, Advisory Board and Board of Directors to make the investment decisions, manage the capital investments and oversee portfolio company development.

Technical Review 106

Technical Review Software Review Seed Stage 106

David Teten

SEPTEMBER 5, 2014

I’ve written on the expert network industry a fair amount in the past: see How to Earn More Consulting Revenue from Expert Networks and How Executives Can Work with Private Equity and Venture Capital Portfolio Companies. We’re backed by Bessemer Venture Partners, Silver Lake Partners, and individual investors like Ron Conway, among others.

New York 114

New York Technical Review Networking Advisory Board 114

Startup Professionals Musings

JULY 28, 2017

As a new business advisor and angel investor, I have assembled my own favorite list of shortcuts to avoid, in the hope of saving you from learning these lessons the hard way: Be satisfied with verbal or handshake partner agreements. Retain maximum equity by requesting minimal funding.

Cost 180

Cost Advisory Board Entrepreneur Angel Investor 180

Startup Professionals Musings

JANUARY 8, 2013

In addition to being startup founders, like Richard Branson , founder of more than 400 companies and still going strong, there are several other key roles that I see Boomers taking more often these days to drive successful startups: Advisory Board. Most actually have the time and inclination to help you, rather than compete with you.

Advisory Board 247

Advisory Board Angel Investor Startup Equity 247

Startup Professionals Musings

NOVEMBER 20, 2011

In addition to being startup founders, there are several other key roles that I see Boomers taking more often these days to drive successful startups: Advisory Board. What you need is an experienced executive, who is willing to work for equity, and will happily step aside in a couple of years when your revenues exceed $20M.

Advisory Board 268

Advisory Board Angel Investor Entrepreneur Equity 268

Austin Startup

JUNE 27, 2017

Collectively they have $850M in capital in their most recent funds: [link] Both Silverton Partners and LiveOak Venture Partners have filed regulatory documents associated with new fundraising efforts in 2017 so we should all look forward to announcements from them on successfully raising new funds.

Venture Capital 54

Venture Capital Austin Texas Private Equity 54

Startup Professionals Musings

FEBRUARY 13, 2016

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. How big is the funding request, and how much equity will you give?

Sweat Equity 120

Sweat Equity Advisory Board Liquidity Event Startup 120

www.vccafe.com

MARCH 11, 2013

YCombinator Series AA Equity Financing Documents. Mark Suster GRP Partners Advice. Founder Equity Issues. Venture Hacks equity section. Legal, Equity, etc. Executive / Advisory Board Compensation. Philippe Botteri, Bessemer Venture Partners. VentureHacks on Startup Advisory Boards â??

Software Review 53

Software Review Technical Review Startup 53

Both Sides of the Table

OCTOBER 14, 2009

I wrote recently about the role of Advisory Boards in startups , which I expected to be a bit controversial. It’s just that many companies waste equity on advisory boards, pick the wrong advisers or set up advisory boards with the wrong expectations.

Advisory Board 215

Advisory Board Strategic Investors Venture Capital Later Stage 215

Gust

DECEMBER 31, 2012

In addition to being startup founders, like Richard Branson , founder of more than 400 companies and still going strong, there are several other key roles that I see Boomers taking more often these days to drive successful startups: Advisory Board. Most actually have the time and inclination to help you, rather than compete with you.

Advisory Board 177

Advisory Board Angel Investor Startup Equity 177

Startup Professionals Musings

OCTOBER 26, 2010

Advisory Board. How can you beat finding someone who has been there and done that, able to mentor Gen-Y, has lots of connections to people in your industry, and is often willing to work for equity alone? They have the maturity and sophistication to deal with your demanding executives and partners. Customer Service.

Advisory Board 189

Advisory Board Angel Investor Equity Salary 189

www.collegemogul.com

OCTOBER 23, 2010

For additional advice, I recommend reading " Finding a Technical Partner for your Startup ), by Daniel Kehoe, a CTO Consultant, who was kind enough to hear my struggles out and offered advice suggesting that we should supplement our current Advisory Board with a Technical Advisor. Want to be featured?

Technical Review 40

Technical Review Web Development Web Developer 40

Startup Professionals Musings

AUGUST 13, 2012

Marketing, sales, and partners. Convince investors that you have lined up sales channels, strategic partners, and a viable marketing strategy. Include Advisory Board members and key industry people connections. Quantify existing skin-in-the-game, by insiders and outsiders, including sweat equity and capital.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Berkonomics

MAY 12, 2010

First, a brand new enterprise is often formed from the efforts of several “partners”, each with an expertise valued by the others. Equity is divided between the founders and the business begun. Director level employees are typically granted ½%.

Early Stage 85

Early Stage Equity Stock Options Vesting 85

Startup Professionals Musings

MAY 13, 2011

Marketing, sales, and partners. Convince investors that you have lined up sales channels, strategic partners, and a viable marketing strategy. Include Advisory Board members and key industry people connections. Quantify existing skin-in-the-game, by insiders and outsiders, including sweat equity and capital.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Duct Tape Marketing

SEPTEMBER 9, 2022

So I've been on boards, you know, going back to 1994 was my first board shortly after I sold my first company. I guess I was on the board of my first company, but we didn't really, we didn't have a board. That was incredibly enlightening experience. And it was a lot of fun. So, but you know, it's very variable.

Startup 86

Startup Cofounder Early Stage Founder 86

steveblank.com

JULY 8, 2011

Blogs (VC): Antonio Rodriguez [link] – A very technical VC at Matrix partners who can actually code. Blogs (web development): Giant Robots Smashing Into Other Giant Robots – [link] Company blog of thoughtbot covering Ruby on Rails, HTML, CSS, Javascript, databases, and mobile development.

Software Review 110

Software Review Startup Silicon Valley Analytics 110

Austin Startup

SEPTEMBER 9, 2018

As a result, I have a very active and engaged data.world Advisory Board and investor base. the press, current and potential consultants, potential employees (to be clear, all current employees are in the arena with you), current and potential clients, current and potential partners, current and potential investors, etc.

Advisory Board 48

Advisory Board Balance Sheet Stock Options Email 48

Gust

AUGUST 5, 2012

Marketing, sales, and partners. Convince investors that you have lined up sales channels, strategic partners, and a viable marketing strategy. Include Advisory Board members and key industry people connections. Quantify existing skin-in-the-game, by insiders and outsiders, including sweat equity and capital.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182