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After analyzing hundreds of posts on startup management, I’ve distilled the key pieces of advice that founders and leaders should keep in mind. Document thoroughly : Use video, Loom, or detailed documentation to transfer knowledge effectively. Verify understanding : Have delegatees summarize tasks to ensure clarity.
They don’t love documentation. Examples: - every time you release new features you need to update your technical documentation. - you also need to update your marketing documents including your website. Tags: Start-up Advice. They’re sometimes moody. They may work strange hours such as 2am – noon.
Key Problems and AI-Driven Solutions Meeting Intelligence: Beyond Basic Transcription Traditional meeting documentation often misses crucial details. Process Automation : Following David’s advice, I’ve automated routine data cleanup and formatting tasks, freeing up time for strategic thinking and client interaction.
We have been advising a lot of entrepreneurs so I thought I’d “open source” some of the advice I have been sharing. So my only goal is to give you insights into the conversations we’ve been having in case you don’t have the same access or advice. I’m getting so much conflicting advice, whom should I listen to?
Health Tensor reduces burnout through automated COVID-19 documentation. The burden of documentation falls on front line caregivers, consuming more than 50% of their day. Health Tensor’s AI copilot automates COVID-19 documentation as more patients enter hospitals and put a strain on systems. Contact Founder.
Merrill Edge Vice President Whitney Trimble answers top-of-mind questions about whether or not to seek outside financial advice. Goals-based investing, which is measuring success as progress toward well-defined, documented goals in life is a process financial advisors are able to help investors with.
18% of all errors come from people using the wrong documents. hours are spent every day by workers searching for documents. Tags: Entrepreneur Advice Start-up Advice Startup Advice. It becomes folklore. 13% of GDP is construction – the largest industry. 23% of all costs are inefficient. I encourage it.
This is one of the lessons I wish I understood when raising a Series B, so I hope you find this advice helpful when you navigate your larger raises. You want to proactively manage the order in which people access information and focus their attention on a few key documents that they can return to when they fall down a rabbit hole.
He’s not interested.&# Without much thought I shot back, “That’s the worst advice I’ve ever heard someone give an entrepreneur.&# Doh. We were launching a cloud-based document management into a space that was increasingly being called Enterprise 2.0. Next on the checklist.
We are money, advice, coaching, cheerleading, interventionist but not “the decider.” In preparation for her reentry into VC she spoke with many mentors of hers for advice on venture capital. One such advice came from Sharon Weinbar (who I, too, am a fan of) who said, “View every situation with a beginner’s mind.”
You also need to know who are the executors, trustees, and beneficiaries of all your parents’ legal documents. Documents such as wills, trusts, automobile titles, property deeds, insurance policies, tax returns, Powers of Attorney, healthcare directives (eg, DNR) . Lincoln Financial Advisors does not provide legal or tax advice.
With the launch of YC’s list of startups hiring for fall 2020 interns , I’ve been getting a lot of requests for advice from students about their upcoming fall plans. And if you missed it, read out general resume advice , which talks more about impact, your story and how to best reach out.
On a case-by-case basis, investors are willing to remove blocking language from company documents, lower their ownership percentage so they’re not in a blocking position, and aggregate their ownership across funds to a single fund manager. Don’t agree to it, it’s bad advice. I recommend to my companies not to do a time-based waiver.
If you’ve done a good job in the sales process you’ve already written out a needs document in which your wrote out what you believe the customer problems are with specific examples. Startup Advice' But the number one reason sales stall when customers see the value in what you do is because they often don’t have a reason to buy NOW.
It was written by Mark Halperin and John Heilemann and documents the 2012 election from the early GOP primary fights right through to the final outcome. Startup Advice' And I can tell you from first-hand experience this is EXACTLY what goes on inside startups. But trying to dissect human behaviors – good and bad.
This is part of my ongoing posts on Startup Advice. My advice: don’t. I was able to hire the former European head of sales for the largest document management player in the world. Tags: Start-up Advice startup technology. Only Hire A+ People Who Punch Above Their Weight Class. I’m not one of those.
I think his advice is this op-ed is bananas. I have even had to get physical security advice from some of the crazy. So if you want some real-world, non-Wharton advice it’s this: Practice writing great email titles that are compelling and personal and grab the attention from the person with whom you want an answer: “Important!
DON’T send me a frigging link to your document on DropBox or a request that the recipient visit your website to watch a video. I also covered the “double opt in&# and added my “ I’m moving you to BCC &# advice that is a huge time saver. Tags: Startup Advice. Links are fine but make them option.
I am good at cranking out documents, memos, presentations, letters and spreadsheets. “I did that f **g documents yesterday! I’m sure all the doctors are cringing much like I would if I read your fund-raising advice. But here’s the thing – I do them with intense effort until they are mostly done.
I had to understand their business requirements and document them all. Tags: Startup Advice. I next moved into system design where I designed computer systems to deal with large industrial natural gas customers and telecommunication companies. In analysis there are always circumstances for each approach.
Safe space for brainstorming – Test ideas without judgment or politics Consistent advice – Your virtual advisors won’t forget previous conversations Customizable expertise – Add or remove advisors based on your changing needs Setting Up Your Virtual Board Ready to create your own advisory team?
As an independent woman with a go-getter attitude, she shared insights with us into her life as an entrepreneur and what it was like getting YHS off the ground, as well as her advice for other young entrepreneurs in Latin America and the Caribbean. Advice for Young Entrepreneurs. Ashna’s advice: “Work on your mindset.
This is part of my ongoing series “ Pitching a VC “ There’s a great meme developing this morning on the need to simplify funding terms and documents. Tags: Pitching VCs Start-up Advice. That prompted Fred Wilson’s blog post appealing to the industry to make these simplified term sheets standard.
I surveyed six seed- and early-stage investors to get their tactical advice for laid-off tech workers who are thinking about starting up. Fintech Takes : Bi-weekly newsletter by Alex Johnson, a former credit expert who quit his job to document the future of fintech. “IP is important to us.
I’m writing this post as part of my series with Advice on Raising Venture Capital but will file it under Sales Tips as well since it applies equally to both scenarios. Tags: Entrepreneur Advice Pitching VCs Raising Venture Capital Start-up Advice Startup Advice. Congratulations.
The library consolidates the knowledge and advice we’ve previously published and provides a central location for new content. From fundraising document templates , to tips on how to pitch , to strategies for navigating COVID — we hope that our library offers something useful to every founder.
That product isn't money--it's their time, attention, sound advice and network. One of the first things on my agenda now that all this legal documentation is behind me is to spend more time with some of the other more senior investors in New York and the Valley as well to hear learnings from when their firms first got off the ground.
So, my advice is simple. Recognize the realities of the times; and do all possible to protect the company by documenting behavioral or skill related problems to the employee file. Encourage reviewers to be accurate, not just polite, in documenting areas of concern. Hold regular reviews for all your employees right to the top.
All investments by angels (and everyone else) in a company are made according to detailed legal documents that specify everything about the relationship among the various parties, the terms of the value exchange and the various rights and responsibilities of everyone involved.
Just as documented in this awesome film “ Riding Giants ,” when Jeff Clark first discovered Mavericks (one of the most famous and dangerous surfing spots in the world) he surfed it for years without telling anybody. Startup Advice' But ignore his rant and hack on. Photo Credit: Daniel Kuras from 500px.
Additionally, we standardized the “allowance rates&# for services such as document storage, maximum numbers of users and we created more standardized packages of features that constituted an “up-sell&# to a our premium offerings. Tags: Startup Advice. Note: the original post in this series on sales segmentation is here.].
In Part I , I gave a quick summary of the who, when and why of forming and documenting a new startup company. I’m reluctant to give legalistic disclaimers, but in this instance, I do need to emphasize that the material in this article is legal information , not legal advice. Appoint Newco’s initial Board of Directors.
Additional value outside of legal documents – Most lawyers who work with early stage startups secretly want to be entrepreneurs but they earn too much money to quit – the golden handcuffs I’ve found that the best of them think like entrepreneurs, though, and hang out at startup events.
What advice do you have for people in fast-growing companies about being a team-player but also taking advantage of the unique opportunity it provides? The push back usually boiled down to some version of: “We have this great plan that we spent a number of weeks documenting, socializing, and cascading through the organization.
This can be your star Chief Architect who loves to code but hates having to handle the admin like testing, documentation, recruiting, etc. Secretly, you love that you know she couldn’t do her job effective without you. And the best individual contributors are Doers.
After that most basic and important function, I’ve found that the other really valuable things that a law firm brings to a startup are: Formation/organization documentation and administration: Take a look at this interesting package from one law firm to see the kinds of things that could include: Start-Up Organization Package.
It’s easier than ever to find example documents on the Internet, use a service to file your certificate of incorporation or trademark application, and so forth. In next week’s post, I will get into specific documents. The advantage of using documents you find online or through a document service is largely illusory.
When Pete approached me for advice, I recommended the “Failure-Proofing” strategy, which is a pragmatic and easy-to-use technique to defend against planning and project disasters. The records division would be included in the last batch to be migrated, to give ample time to convert all documents and processes to digital forms.
The goals of such a meeting are the following: Give others enough information to form an adequate enough and objective picture of the business in order to check your blind spots and offer advice or other kinds of assitance (like intros to folks who have been there before or have the right skills to pitch in).
In the document it outlines that you will issue stock at a $5m pre-money valuation and in recognition of the additional risks and commitments of early money you have allocated warrants to the first $150,000 of investors. Especially if it was memorialized in the documents why you were doing it. You can do it with equity & a price.
Want to tap in to the best startup advice from entrepreneurs who are out there doing it? My best piece of advice for founders is to keep in mind that they can’t do it alone. “ One piece of advice I would give to others starting their entrepreneurial journey is just start! Matt Miller – Founder. BrakeAce. “My
Based in Sydney, Australia, Lawpath serves small businesses with services like legal documents, customized legal workflows, e-signatures, business registration, and on-demand lawyers. With its subscription-based legal services platform, Lawpath wants to become the Asia Pacific’s LegalZoom (in fact, LegalZoom is one of its investors).
If I could persuade you that they’re already in these documents would you consider abandoning this structure? Those terms you fought so hard to get out of “clean term sheets” by using TheFunded, VentureHacks and the like are in your current documents. That’s right. They are not necessarily cheaper.
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