YoungUpstarts

OCTOBER 16, 2016

By Bryan Miles, CEO and co-founder, Miles Advisory Group, Inc. But entrepreneurs face other concerns that compete with this growth focus, including hiring, maintaining current revenue sources and distinguishing themselves from the competition. Bryan Miles is CEO & co-founder of Miles Advisory Group, Inc.

Cofounder 100

Cofounder Balance Sheet Small Business Administration Technical Review 100

YoungUpstarts

MAY 6, 2019

You are looking for cofounders that can help you build a product. You have finally found a cofounder that can take care of the startup. By offering the advantages of your company, you will be able to find some great employees. Hiring more resources. So, hire more people or go for outsourcing to remote workers.

Startup 113

Startup Technical Cofounder Merger Early Stage 113

David Teten

AUGUST 19, 2019

RBI normally requires founders to pay back their investors with a fixed percentage of revenue until they have finished providing the investor with a fixed return on capital, which they agree upon in advance. For background, see Revenue-Based Investing: A New Option for Founders who Care About Control. Capital need of up to $1.5M

Revenue 60

Revenue Technical Review Software Review Equity 60

The Next Web

OCTOBER 10, 2013

Two more entrepreneurial ventures later, Gleb cofounded online backup provider Backblaze to help consumers affordably, automatically, and safely back up their data. What are the pros and cons of starting a business alone versus with cofounders? How many founders are too many? Hire everyone you need as an employee.

Cofounder 143

Cofounder Technical Cofounder Kenya Dilution 143

JANUARY 9, 2014

No clear vision or purpose This should be the starting point for any startup founder, but it’s often overlooked. By trying to appeal to everyone and adding features left, right and centre, you will actually dilute your message and could end up with a complex, bloated product. Life’s too short to build something nobody wants.”

Early Stage 102

Early Stage Startup Cofounder Design 102

Hunter Walker

AUGUST 7, 2017

But employee option pool is important enough that I wanted to briefly expand upon my comment above. Employee options pools, typically created at the point of financings, shouldn’t be treated as haggling over dilution, but rather a strategic resource that will help founders build the best team and, by extension, a more valuable company.

Equity 94

Equity Pre-Money Valuation Option Pool Founder 94

Both Sides of the Table

MARCH 9, 2013

Should you increase your burn rate by adding 2 senior hires who will help you ship faster or sell more but then have less time for fund raising? Should you raise $3 million in stead of $2 million even though it means more dilution so that you will have a longer runway? Or maybe their existence itself will help accelerate fund raising.

Burn Rate 413

Burn Rate Cofounder Dilution Valuation 413

Both Sides of the Table

SEPTEMBER 28, 2013

For starters let me use “CEO” as a proxy to include her “inner circle” which might mean co-founders or might just mean senior execs of the business. The Mind of the Founder. The mind of a founder is wired differently than most people. The startup CEO was not the original founder.

Startup 417

Startup Dilution San Diego Stock Options 417

Andrew Payne

SEPTEMBER 9, 2017

In practice, most equity grants within a company are driven by broad calibrations with existing employees. If an early very experienced developer has 1%, and a less senior dev has 0.5%, those become two reference points for the next dev hire. And, how can founders talk about percentages before any funding?

Equity 71

Equity Founder Vesting Dilution 71

www.inc.com

SEPTEMBER 24, 2011

Employee Benefits. Back in 1997, Randy Parker was staring at a blank whiteboard, wondering where hed find the money to hire the employees and consultants he needed to build his new product. "We a 50-employee provider of e-marketing solutions to small and midsize businesses, based in Needham, Mass. "We Business Taxes.

Fractional CTO 40

Fractional CTO Equity Iowa Technical Cofounder 40

Startup Lessons Learned

JULY 5, 2010

I have personally sold many copies of his book, and continue to recommend it as one of the most important books a startup founder can read. I used to give copies of Four Steps out to my employees, in the hopes that it would instantly indoctrinate them into the methodology of Customer Development. I think theyve succeeded.

Customer Development 166

Customer Development Developer San Francisco Customer 166

K9 Ventures

MAY 6, 2015

Conventional wisdom in the startup world dictates that two founders are ideal for a startup. There are lots of famous pairs of duo co-founders: Larry Page and Sergey Brin, Jerry Yang and David Filo, Hewlett and Packard, Bill Gates and Paul Allen. Having the right co-founder is perhaps the single most valuable thing in a startup.

Cofounder 48

Cofounder Founder Silicon Valley Technical Cofounder 48

VC Cafe

SEPTEMBER 26, 2010

Very cool concept and I want to thank the founder Adil Mohammed for inviting me to take part in it. I’ve learned this first hand from Mark Gerson, the founder of Gerson Lehrman Group. As the founder, you’re the number one sales person of the company and it is not a function you can outsource right away.

Elevator Pitch 102

Elevator Pitch Incubator Technical Review Startup 102

Startup Lessons Learned

OCTOBER 26, 2009

They had their own private forum, and a company founder (aka me) personally ran the group in its early days. Every two months, the company would have a big end-of-milestone meeting, with our Board of Directors, Business Advisory Board, and all employees present. Every time you listen to customers, you fear diluting your vision.

Advisory Board 151

Advisory Board Customer San Francisco Lean 151

blog.nahurst.com

JULY 19, 2010

The graphic below balances the risks cofounders take with their relative contributions to help answer this question. This covers one of the most common situations I encounter: For a pre-funding web startup whose team includes only a non-technical cofounder, how much equity should an incoming technical cofounder get?

Technical Cofounder 43

Technical Cofounder Cofounder Equity Salary 43

David Teten

OCTOBER 1, 2015

Should you co-found your company with a software development shop? intrapreneurs, e.g., the employee of GE who is tasked with launching a new business. intrapreneurs, e.g., the employee of GE who is tasked with launching a new business. The question is: how should they be compensated when cofounding a company? The cliffs?

Software Developers 60

Software Developers Software Development Software Review Technical Cofounder 60

Startup Company Lawyer

MAY 4, 2009

Adeo Ressi , the founding member of TheFunded , recently announced the establishment of TheFunded Founder Institute. The Founder Institute helps founders launch innovative companies by providing training, services, and company-building assignments, such as incorporating the business, filing provision patents, and setting up books and records.

Founder 28

Founder Warrant San Francisco Intellectual Property 28

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.

Equity 62

Equity Employee Founder CTO Hire 62

The Next Web

SEPTEMBER 29, 2013

Before StartEngine, Howard co-founded Activision and founded Acclaim Games. . The Founder’s gut wrongly tells them their business plan has been validated because they received an investment. Weaknesses inside the founder team kill startups. The truth is, sometimes you need to replace your co-founders and start over.

Metrics 136

Metrics Cofounder Cram Down Liquidity Event 136

www.quora.com

SEPTEMBER 22, 2011

Type to Add and Search Questions; Search Topics and People Startups Startup Compensation Entrepreneurship Compensation Stock Options Major Internet Companies Silicon Valley Why is there such a large founder to early employee equity drop-off? Visibility at a Series D-funded company is much different than that at a seed-funded one.

Equity 40

Equity Employee Founder Cofounder 40

venturehacks.com

SEPTEMBER 22, 2011

Paul says, “Whenever you’re trading stock in your company for anything, whether it’s money or an employee or a deal with another company, the test for whether to do it is the same. Consider the opportunity cost of spending shares on employees and investors. We previously posted a table of market rates for employees.

Equity 40

Equity Cap Table Valuation RSS 40

Duct Tape Marketing

APRIL 7, 2022

Marcel is the CEO & Co-Founder of Parakeeto, a company dedicated to helping agencies measure and improve their profitability by streamlining their operations and reporting systems. I think one of the things that often gets overlooked in the agency space is really deeply understanding the job the agencies being hired to do.

Cofounder 74

Cofounder Hosting Networking Software Review 74

blog.simeonov.com

FEBRUARY 22, 2010

Simeon, can you tell us how you structure ownership and control so you can fire your co-founders if necessary? The first part will dispel some myths, address the lifecycle of founder agreements and the key compensation and control parameters in them. Let’s start by dispelling some myths: There is a standard founder agreement.

Founder 44

Founder Vesting Agile Startup 44

maplebutter.com

JANUARY 8, 2013

You are here: Home » Hiring » Crazy! Written By Dan Martell on February 2nd, 2012 | Category: Hiring LeanStartup Marketing Metrics Startup Life | 6 Comments. Whats is the best way to find a co-founder for your startup? Ability to hire top talent (A+ talent). you can hire for those. Maple Butter.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

www.paulgraham.com

OCTOBER 23, 2010

And since a startup thatsucceeds ordinarily makes its founders rich, that implies gettingrich is doable too. A lot ofwould-be startup founders think the key to the whole process is theinitial idea, and from that point all you have to do is execute.Venture capitalists know better. Ideally you want between two and four founders.

Startup 105

Startup Cofounder Software Stock 105

betashop.com

OCTOBER 8, 2012

When we pivoted from fabulis to Fab, we pivoted towards building a business around the unique tastemaker talents of one of our founders, Bradford Shellhammer. Have amazing co-founders who are better at what they do than you could ever be. Founders need to personally own something big themselves. It’s that important.

Technical Review 108

Technical Review Technology Software Review Valuation 108

Hunter Walker

JANUARY 3, 2020

2019 didn’t herald any major innovations in how early startup employees receive equity. Which is a shame since, on the margins, the most talented hires deserve more of it. It’s the second time founders – especially solo founders – who often think most deliberately about these issues.

Equity 56

Equity Employee Dividend Cofounder 56

crowdSPRING Blog

DECEMBER 13, 2018

Here, the “public” includes your customers, prospects, your employees, vendors, and others who connect in any way with your brand. Remember that you should evaluate both internal (your employees) and external (everyone else) perceptions of your brand. This isn’t an issue you can afford to ignore.

Marketing 162

Marketing Charlotte Naming Design 162

venturehacks.com

OCTOBER 21, 2010

Use a hiring plan to justify a small option pool, increase your share price, and increase your effective valuation. Reading on, the term sheet states, “The $8 million pre-money valuation includes an option pool equal to 20% of the post-financing fully diluted capitalization.&# Solution: Use a hiring plan to size the option pool.

Option Pool 68

Option Pool Pre-Money Valuation Dilution Warrant 68

Reid Hoffman

JUNE 8, 2021

While many travel industry leaders chose to “go dark,” as Airbnb CEO and co-founder Brian Chesky put it , while they decided how to navigate next steps, Chesky took a different approach: He got candid. Today, we are thrilled to have Airbnb CEO and co-founder Brian Chesky with us. That was totally counterintuitive.

Silicon Valley 69

Silicon Valley Hosting Rhode Island Design 69

venturehacks.com

MARCH 21, 2008

Or they bring you a handful of great employees. Advisor compensation Whether you’re hiring a normal advisor or super advisor: Advisory shares are usually issued as common stock options. They’ll bring you leads for customers, employees, and investors. Super advisors help make your company happen.

Advisory Board 44

Advisory Board Cap Table Vesting Equity 44

Diego Basch

MAY 1, 2013

One of them is “ the first employee of a startup gets screwed. The truth is that being the first employee of a startup could be shitty, or it could also be a great investment of your time and effort. They hire a few good people, operate for a few years, and exit for a number between 0 (failure) and maybe 100M.

Silicon Valley 59

Silicon Valley Employee Cofounder Salary 59

Reid Hoffman

JUNE 8, 2021

While many travel industry leaders chose to “go dark,” as Airbnb CEO and co-founder Brian Chesky put it , while they decided how to navigate next steps, Chesky took a different approach: He got candid. Today, we are thrilled to have Airbnb CEO and co-founder Brian Chesky with us. That was totally counterintuitive.

Silicon Valley 36

Silicon Valley Hosting Rhode Island Design 36

Life Beyond Code

AUGUST 28, 2013

You may not be able to get along with your co-founders causing heartburn for everyone. Your first few hires may be wrong bringing down the whole company. You are addressing a super big market so the product is diluted in value. You may not able to attract the right team to grow. Master the art of leverage.

Advisory Board 117

Advisory Board Startup Dilution Cofounder 117

Up and Running

DECEMBER 9, 2014

After college, I was a very early employee at a web company called Tumblr. My founders and I started the company about three years ago. It’s designed for small and mid size companies and it all started based on a focus of the employees. I’ve been an entrepreneur for almost as long as I can remember.

Small Business 95

Small Business Finance Forecast Metrics 95

Startup Lessons Learned

JUNE 19, 2019

Andy Rachleff co-founded the venture capital firm Benchmark Capital in 1995. It was 20 to 30, not 100, because of the dilution from the capital. So we made a pact among the founders that when any of us reached the point that we weren't willing to go 110%, you had to opt out. Then the question becomes, who wants that product?

Silicon Valley 159

Silicon Valley Lean Venture Capital Pre-Money Valuation 159