Steve Blank

OCTOBER 23, 2023

At first many start-ups hire a lobbying firm. Larger companies hiring a Chief of Staff often look for someone who has an MBA, experience with one of the big consulting firms, or experience doing the job already. They can vote to hire and fire the CEO. A Board of Directors has a formal and legal role. They need you.

Government 212

Government Advisory Board Salary Early Stage 212

Feld Thoughts

SEPTEMBER 2, 2011

This week they set out to create their cap table and hire a CTO. They come up with two options: Hire Praveena as an employee and offer her stock options. Bring Praveena in as a founder and offer 10-20% of the company as stock. The founders each have common shares that will vest over four years.

Cap Table 133

Cap Table CTO Hire Technical Cofounder Cofounder 133

Hearpreneur

OCTOBER 25, 2023

5- Calculate stock reorder levels Photo Credit: Dani Mechlowitz When building an e-commerce business, it's essential to keep track of your inventory to avoid sell-out periods. In that initial growth phase, running out of stock can be detrimental and slow down the momentum of your business growth.

eCommerce 129

eCommerce Omaha Entrepreneur SEO 129

Startup Professionals Musings

NOVEMBER 2, 2022

Trying to save money by recruiting family members, or hiring only interns, is a bad risk. Great team members may take more time to find, and cost you stock options, but a qualified and highly motivated team that stretches your budget is a good calculated risk. Recruit the best team members and provide incentives.

Forecast 304

Forecast Stock Options Technical Review Metrics 304

Steve Blank

JULY 11, 2017

Before the rapid rise of Unicorns, (startups with a valuation over a billion dollars), when boards were still in control, they “encouraged” the hiring of “adult supervision” of the founders after they found product/market fit. It was so compelling, everyone worked extremely long hours, for little pay and some stock.

Part-Time VPE 308

Part-Time VPE Liquidity Event Stock Engineer 308

Startup Professionals Musings

MAY 22, 2020

Every startup should have at least a couple of outside advisors who are not major investors or family members, anxious to talk to new investors and key new hires. Calculate employee stock option values and vesting times, as well as salary. Any outside advisors or board members available for discussion?

Technical Review 436

Technical Review Due Diligence Burn Rate Sweat Equity 436

Startup Professionals Musings

FEBRUARY 9, 2020

Outside professionals are always available, but they may have their own agenda, such as building a career, making money quickly, or managing up the stock price for a quick exit. The rest can come from early hires (with stock options to assure commitment), equity investors, or even strategic partners. The operations superstar.

Technical Cofounder 308

Technical Cofounder Cofounder Advisory Board Stock Options 308

Startup Professionals Musings

FEBRUARY 18, 2023

Every startup should have at least a couple of outside advisors who are not major investors or family members, anxious to talk to new investors and key new hires. Calculate employee stock option values and vesting times, as well as salary. Any outside advisors or board members available for discussion?

Burn Rate 207

Burn Rate Sweat Equity Technical Review Intellectual Property 207

Steve Blank

APRIL 10, 2019

For most startup employee’s startup stock options are now a bad deal. Why Startups Offer Stock Options. In tech startups stock options were here almost from the beginning, first offered to the founders in 1957 at Fairchild Semiconductor , the first chip startup in Silicon Valley. Not everyone got the same amount of stock.

Stock Options 333

Stock Options Stock Vesting Common Stock 333

SoCal CTO

SEPTEMBER 27, 2011

For your first key hires, three, five, maybe as much as ten, you will probably not be able to use any kind of formula. Paul Graham provides what is roughly the core formula for equity at any point in The Equity Equation : You can use the same formula when giving stock to employees, but it works in the other direction. Wait a second.

Early Stage 391

Early Stage Equity CTO Hire Sweat Equity 391

ReadWriteStart

JANUARY 23, 2023

Hire Only the Best Employee Fits Another major expense your lean startup will have to carefully manage is labor. It’s tempting to hire people based on experience, since experiences correlate with both knowledge and better performance. Instead, consider hiring based on talent. Choose talent over experience.

Lean 158

Lean Technical Review Startup Acquisition 158

YoungUpstarts

NOVEMBER 1, 2017

So why on earth would you consider using stock art or stock images to represent your brand? But, stock art is the opposite of a fingerprint – it’s generic, lacking in personality, and the very same stock art could and does show up on your competitors’ websites, business cards and logos. Instead of Stock Art….

Stock 131

Stock Small Business PR Design 131

Startup Professionals Musings

FEBRUARY 8, 2020

Trying to save money by recruiting family members, or hiring only interns, is a bad risk. Great team members may take more time to find, and cost you stock options, but a qualified and highly motivated team that stretches your budget is a good calculated risk. Recruit the best team members and provide incentives.

Management 322

Management Entrepreneur Forecast Stock Options 322

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

The Startup Magazine

AUGUST 9, 2022

Being faced with the same issues as Zumba a couple of years earlier, either you spend tons of money for major artists or you’re left with commonplace stock tracks, we realized a middle ground was needed. At the same time, brands and agencies struggled to find great music. That’s when SoStereo really came to life. Quality control?

Cofounder 147

Cofounder Founder Miami Marketing 147

Steve Blank

SEPTEMBER 16, 2010

At one of our initial board meetings we had agreed on the general principle of an advisory board and put together an overall stock budget to compensate advisors. One of the first potential advisors I reached out to was someone who 10 years earlier tried to hire me as the VP of Marketing of his new division at Sun Microsystems.

Advisory Board 260

Advisory Board Part-Time VPE CTO Hire Stock 260

The Startup Magazine

NOVEMBER 1, 2020

You may have heard of how lucrative the stock market is and want to venture into it, but how much information do you have? Before you get into the stock market, you need to seek a stockbroker’s advice or someone who has had success in the industry. Some lessons will help you understand the dynamics of the stock market.

Stock 105

Stock Marketing Finance Operations 105

YoungUpstarts

FEBRUARY 20, 2020

Stock Market. In the long run, the stock exchange is among the safest investment opportunities for your money. You can start investing with as little as $1,000 , especially that online platforms for stock market investors had developed means on how to provide ease and efficiency to their investors. Coaching Programs.

Technical Review 154

Technical Review Stock Salary Security 154

ReadWriteStart

JULY 5, 2023

The private clinics that Neko Health operates, which are stocked with both in-house and commercially available diagnostic tools, are the backbone of the company’s service offerings. Their full-body 3D scanner, which is equipped with dozens of sensors, is one of the most significant innovations that they have made.

Sweden 126

Sweden Artificial Inteligence Cofounder Technical Review 126

Steve Blank

MAY 19, 2015

While he kept bringing the conversation back to their big valuation I tried to steer the conversation back to how they were going to deal with: training the influx of new hires – in both culture and job specific tasks. retaining their existing hires who were working for intern-like salaries with little equity. the company had.

Technical Review 120

Technical Review Salary Early Stage Software Review 120

Women Entrepreneurs Can

JUNE 11, 2021

Stock is your ownership stake to any company. Your ownership of a company depends on the number of stocks you own. Stock markets are a common platform where individual and institutional investors come together to buy and sell shares. Advantages of Buying Stocks. You do not need a huge cash injection to buy stocks.

Stock 52

Stock Securities and Exchange Commission Portfolio Dividend 52

View from Seed

MARCH 24, 2021

How to Build a Great Product Before Hiring Your First PM “At any moment, be crystal clear (and stay consistent) about what the “top company priorities” are for the quarter. Hiring Your Team. ” (Rob Go). This sounds incredibly straightforward in theory, but it’s actually hard to practice in reality.” ” (Rob Go).

Seed Stage 177

Seed Stage Hiring IPO Analytics 177

Up and Running

AUGUST 28, 2019

Agree upon how much of this business each of your leaders owns, and write that down on slips of paper called “stock certificates”. In addition to those two types of hired help, you can get free guidance and support from a local SBDC consultant. Your choice here is to either hire an agent or be your own.

Delaware 83

Delaware Stock Nevada Technical Review 83

The Startup Magazine

FEBRUARY 21, 2019

These people are willing to hire new but skilled freelancers in order to save on their expenses. Selling stock photos is an easy way to land your first several clients so this is how most freelance photographers choose to get started. Make accounts on free job boards to get your first clients. Graphic Design.

Web Development 85

Web Development Technical Review Social Media Portfolio 85

YoungUpstarts

MARCH 22, 2019

Without the resources to hire a full time bookkeeper and little understanding of how to get their heads above water, many of these small businesses will founder having struggled due to lack of cash flow and poorly managed accounts. Provide real-time stock and inventory levels. Receipt payment via multiple platforms. Staff requirements.

Software Review 165

Software Review Due Diligence Startup Stock 165

Steve Blank

SEPTEMBER 5, 2018

He just hired Meg Whitman. Tech IPO prices exploded and subsequent trading prices rose to dizzying heights as the stock prices became disconnected from the traditional metrics of revenue and profits. Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan.

Lean 335

Lean Burn Rate Startup IPO 335

Ben's Blog

MAY 18, 2012

Conventional wisdom among smart technology entrepreneurs says not to hire people with Masters in Business Administration (MBAs) into startups. My friend Peter Thiel once warned a young entrepreneur: “Never ever hire an MBA; they will ruin your company.” In any case, the episode did not make me want to hire more MBAs.

Hiring 78

Hiring Silicon Valley Engineer Demand 78

Up and Running

DECEMBER 3, 2021

A good style guide also makes integrating new hires much easier, as they start with clear expectations of what their communication style should be. Why don’t you have my size in stock? I checked our stock, and it looks like we will have another shipment of that item coming in, but it’s scheduled for a few months from now.

Email 113

Email Stock Cloud Software Review 113

Up and Running

DECEMBER 1, 2015

At the time, Facebook wasn’t the goliath it is today and so, Choe was given a couple of options: he could have $60,000 in cash, or stock (equal to the equivalent amount of the cash back then). If however you are giving a “normal employee” an incentive stock option plan (more on that later), that’s entirely different.

Equity 60

Equity Employee Stock Options Vesting 60

Hunter Walker

JULY 2, 2022

Most hiring processes start with an antiquated assumption that companies select people to work for them. Get them on your benefits, start vesting their stock and so on. If you’ve got other strategies to help prevent new hire ghosting, reply here or tweet at me. Involve Their Family/Partners.

Hiring 93

Hiring Vesting Early Stage Stock 93

Up and Running

NOVEMBER 4, 2020

The good news for startups and other businesses with limited funds (or, who have financially savvy owners) is that you don’t (necessarily) need to hire an expensive team of software developers to create an app. It’s an important first step regardless of whether you are hiring a professional team or designing the mobile app yourself.

Developer 86

Developer Mobile eCommerce Design 86

Up and Running

NOVEMBER 3, 2021

This means maintaining stock levels so you aren’t either having too little stock, and therefore losing sales, or having too much stock and paying for more warehousing and storage. There are a variety of ways to manage your working capital and cash flow. For starters, proper inventory management and procurement are essential.

Balance Sheet 81

Balance Sheet Management .Net Metrics 81

Startup Professionals Musings

DECEMBER 10, 2022

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. Good hiring, training, and mentoring are the best motivators. Investors have long agreed that you invest in the team, more than the product.

Stock Options 362

Stock Options Salary Leadership Stock 362

YoungUpstarts

NOVEMBER 27, 2018

Worse yet, they may simply hire employees of high skill out of your market area and deny you the workforce you need to make your idea feasible. Worse yet, your fundraising history might actively work against you if you opened the floodgates too soon or handed out too much stock in return for small investments.

Silicon Valley 104

Silicon Valley Technical Review Startup Harvest 104

Feld Thoughts

APRIL 15, 2014

This role is one of our most crucial hires this year. Today at 5pm I’m doing a fireside chat with Eliot Peper , the author of Uncommon Stock , the first book published by FG Press. The post Today’s Fun – Gnip, Twitter, Uncommon Stock, and Pre-Seed Rounds appeared first on Feld Thoughts.

Stock 114

Stock Mezzanine Acquisition Revenue 114

Board Effect

AUGUST 24, 2023

Will you need to hire additional employees or consultants? Just as nonprofits take stock of their cybersecurity processes at the onset of the process of building a cybersecurity risk management framework, it’s just as important to perform a layout of all the newly added security controls and processes.

Framework 98

Framework Management Technical Review Security 98

Up and Running

OCTOBER 19, 2021

As a startup looking to hire your dream team, this news can be exciting. Stock options, restricted stock, or performance shares can make your offer more attractive to the right candidate. After all, the fate of your company largely depends on your ability to assemble the best possible talent.

Startup 127

Startup Salary Stock Options Employee 127