NZ Entrepreneur

APRIL 28, 2019

Here’s how to build a startup advisory board. And while it often seems more involved and complex than it is in reality, setting up an advisory board is something you should look to put in place in the early stages of your entrepreneurial venture. Selecting an advisory board is the tricky part.

board 67

board startup advice strategy 67

Both Sides of the Table

SEPTEMBER 10, 2021

What used to be an “A” round in 2011 is now routinely called a Seed round and this has been so engrained that founders would rather take less money than to have to put the words “A round” in their legal documents. Pre-seed is just a narrower segment where you might raise $1–3 million on a SAFE note and not give out any board seats.

ventures 471

ventures VC venture capital funders 471

Berkonomics

MARCH 17, 2018

I’ve been sued as a board member too many times over the past twenty-five years of board service. Entrepreneurs blaming their board for failures of a fragile, early stage company. As a result, I now insist upon D&O insurance for every board upon which I sit. Five times. Does that shock you? It does me.

board 97

board entrepreneurs investing investment 97

TechCrunch

MAY 10, 2021

Dr. Bobbie Kumar is a board-certified family physician and director of Clinical Innovation at Inflect Health as well as as director of Clinical Innovation at Vituity, leading many of Vituity’s transformative programs including telemedicine, care navigation and health technology next-generation prototype programs. Bobbie Kumar. Contributor.

health 99

health entrepreneurs hospitality innovation 99

TechCrunch

AUGUST 7, 2023

Marjorie Radlo-Zandi Contributor Share on Twitter Marjorie Radlo-Zandi is an entrepreneur, board member and mentor to startups, and an angel investor who shows early-stage businesses how to build and successfully scale their businesses. The investor team I was part of grilled the founder to explain why.

entrepreneurial ecosystem 72

entrepreneurial ecosystem startup board education 72

Berkonomics

APRIL 12, 2018

To most entrepreneurs, this often leads to an event whose resolution by a governmental agency or even a court seems unfair and illogical. 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.

entrepreneurs 90

entrepreneurs advice board investing 90

Both Sides of the Table

JULY 13, 2010

It was difficult to make the transition to a “top down&# thinker but as a senior executive – and as an entrepreneur – you’re far less effective without this skill in your arsenal. I had to understand their business requirements and document them all. I know it sounds exceedingly easy. It’s not.

entrepreneurs 372

entrepreneurs consulting frameworks advice 372

Paul G. Silva

MAY 29, 2020

Entrepreneurs and investors used to rely on strictly qualitative/gut methods of assessing progress and deciding what their next steps should be. When you do so, you’ll notice the milestone’s color will darken and your SSRL score (in the upper left corner of the document) will increase. Your score goes up by 0.1

founder 182

founder board venture capital strategy 182

Gust

JULY 18, 2012

Yet I’ve rarely seen entrepreneurs more fired up than when recounting war stories of startups whose founders had control of the company wrested from them, were forced to take financing or compensation deals on outrageously onerous terms , or worst of all, fired from their own companies.

board 188

board financing finance consulting 188

Berkonomics

AUGUST 5, 2021

Investment documents usually call for quarterly reporting by the company to the investors. Usually, one or more of the investors is placed on the board as a requirement of the investment documentation. The entrepreneur often expects that person to keep fellow investors informed.

board 62

board advice investing investment 62

TechCrunch

DECEMBER 21, 2021

A document sent to the press describes this figure as “a significant uplift” from its $35 million Series B , whose valuation wasn’t disclosed when it took place a mere nine months ago. As often, the company started with entrepreneurs scratching their own itch, my colleague Ron Miller reported last March.

accelerator 97

accelerator board VC enablement 97

Entrepreneurs' Organization

JULY 10, 2017

In part I of our interview , we asked Brad about his journey as an entrepreneur. Accelerator is EO’s targeted program for first-stage entrepreneurs. What has surprised you most about working with entrepreneurs and the Accelerator program? Word-of-mouth is a powerful tool for driving awareness and program growth.

accelerator 130

accelerator board leadership support 130

Gust

DECEMBER 8, 2011

In Part I , I gave a quick summary of the who, when and why of forming and documenting a new startup company. I urge all entrepreneurs to consult and develop a good working relationship with a qualified startup lawyer. Determine who will serve on the Board of Directors and in executive officer positions (usually founders).

board 139

board consulting real estate entrepreneurs 139

Both Sides of the Table

MARCH 19, 2014

The same can be said of critical decisions in a board meeting or frankly any other meeting where major decisions are ratified. This is a classic mistake many entrepreneurs make so I’d like to offer some constructive advice on how the savvy hand would be played. Why You Should Pre-Meet Board Members.

board 325

board advice mix-use construction 325

TechCrunch

MAY 9, 2023

After giving a presentation he’d previously shared at Harvard Business School, Stanford and MIT, Currier outlined the mental models unicorn founders adopt and offered candid advice for early-stage entrepreneurs, including his thoughts on building a founding team: “You have to figure out what you and your team are capable of doing.

pitching 71

pitching advice board founder 71

Both Sides of the Table

NOVEMBER 20, 2012

Board Meetings. Now, I’m pretty on the record that being an entrepreneur is about being great at The Do. How do VCs break out of group think when they are shuttling from one board meeting to the next, from one conference to the other and talking with all the same people? Conferences. Startups Are for Doers.

creativity 400

creativity venture capital entrepreneurs board 400

Both Sides of the Table

NOVEMBER 9, 2014

Generally speaking in venture capital financings the legal documents will specify that only “major investors” (a threshold set in the agreement – which can be $500,000 investor or more). We led an investment round in a company a while ago in which we wrote a seven-figure check and have taken a board seat. You betcha.

venture capital 352

venture capital VC board financing 352

TechCrunch

DECEMBER 11, 2020

in seed funding LocalGlobe with participation from Entrepreneur First, Andy Chung and Phillip Moehring (AngelList), and Omid Ashtari (former President of Citymapper). Step forward Cosmos Video , which has a virtual venues platform that allows people to work, hang out and socialize together. It has now raised $2.6m

incumbents 103

incumbents collaboration culture board 103

Entrepreneurs' Organization

MARCH 28, 2016

The family business model can be extremely rewarding for entrepreneurs, especially when it comes to creating a legacy that brings about pride, honor and family fulfillment. Document lines of authority, roles, responsibilities and job descriptions with measurable accountabilities. Create a board of advisors (directors).

financing 173

financing finance culture education 173

TechCrunch

MARCH 28, 2022

Serial entrepreneur Brian Requarth learned his lesson the hard way. It was an expensive mistake, and one he wants to help Latin American entrepreneurs avoid with his new venture, Latitud. Many called us worried and scared that funding was drying up while some had boards telling them to fire people,” Requarth recalls. “I

ventures 85

ventures real estate entrepreneurship advice 85

Dream It

APRIL 12, 2020

A $100 million fund does not actually have $100 million in capital but $100 million in “committed capital,” essentially a legal document that states that LPs will send the fund money when “called.” I think you’ll start seeing pushback on complete board control by the founding team,” stated Martino. “I The risk paid off.

ventures 334

ventures startup capital board 334

Gust

DECEMBER 1, 2011

When meeting with early stage entrepreneurs for the first time, after reviewing a demo or hearing their pitch, I often ask them to articulate what they’re most focused on building. I don’t fault entrepreneurs for relegating startup legal work to the bottom of their daily triage list; founders are spread incredibly thin.

entrepreneurs 114

entrepreneurs advice pitching board 114

Entrepreneurs' Organization

AUGUST 16, 2018

One way is to use a Google document that sends outcomes to a central location, collects the data and compiles it all in one document. This document will then be used as a comparison tool against the previous periods to be discussed openly. There are various ways to analyze the results.

sustainability 130

sustainability collaboration board opportunity 130

Berkonomics

DECEMBER 30, 2021

Several times in my investing life, as the final board member making the arrangements to dispose of remaining assets, I have literally been the one to turn out the lights, carry out the documents, books and records to my car, and become the only remaining contact between the failed business and the investors, bankruptcy court, or creditors.

consulting 62

consulting pitching entrepreneurs board 62

TechCrunch

DECEMBER 19, 2022

First, the company addressed official documents with a DigiLocker integration to the Files app , and said that India’s regulations should provide legal and innovation certainty to firms. Amanda has more about the fines and what this means for Epic. We decide after two one-hour meetings over the course of a week whether we invest or not.”.

VC 98

VC venture capital advice founder 98

Entrepreneur's Handbook

OCTOBER 25, 2022

Many entrepreneurs who claim to embrace the lean Start-Up canon actually adopt only part of it, neglecting to research customer needs.” — Tom Eisenmann, Harvard How to fix the mistake of trying to build a great product immediately: Use a data-driven approach and test your value proposition properly before building a product.

startup 102

startup leadership frameworks founder 102

TechCrunch

JUNE 7, 2021

3 golden rules for health tech entrepreneurs. There is huge potential for the global healthcare industry to leverage AI,” said Mendel board member and partner at DCM, Kyle Lui, in a statement. Mendel has created a unique and seamless solution for healthcare organizations to automatically make sense of their clinical data using AI.

mix-use 88

mix-use health enablement board 88

Both Sides of the Table

FEBRUARY 24, 2019

When you set up a board it is often initially a combination of the founders and the early investors. This post sets out how I believe founders (and investors) should think about independent board members having worked with many of them for the past 20 years. When an entrepreneur takes on investors who take equity (i.e.

board 187

board peer-to-peer VC funders 187

Entrepreneurs' Organization

MARCH 31, 2021

The stories also had emotion to them, documenting both humorous episodes as well as tougher times (like divesting a business and layoffs) that the company went through. Pressure from the board and/or investors. The stories were visually represented with pictures from the past. Low employee engagement.

culture 233

culture innovation leadership board 233

Ecosystem Builder Hub

AUGUST 14, 2020

We found one of those exemplary steps in southern Virginia where the Dan River Region Entrepreneur Ecosystem recognized the need for an ecosystem coordinator and rallied their stakeholders to hire the first entrepreneurial ecosystem builder for the region. River and bridges in Danville. Dream Launch Business Program.

development 119

development entrepreneurial ecosystem entrepreneurship communities 119

TechCrunch

OCTOBER 18, 2021

Co-founder and CEO Jennifer Smith, formerly of McKinsey & Company and Greylock Partners, formed the San Francisco-based company a couple of years ago with entrepreneur and former Google engineer Aaron Podolny after seeing a knowledge gap in how operational work was done. Smith’s background is in organization and operations work.

venture capital 91

venture capital ventures culture capital 91

Both Sides of the Table

FEBRUARY 7, 2011

In 1995, while in high school, Seth wanted to start a business scanning paper documents for companies, but realized it was a non-starter when he learned that a scanner costs $4k. He knew he was an entrepreneur because he couldn’t stop thinking about ideas. Seth likes to get together with board members every 30 days.

board 286

board culture VC education 286

Berkonomics

JANUARY 29, 2015

Investment documents usually call for quarterly reporting by the company to the investors. Usually, one or more of the investors is placed on the board as a requirement of the investment documentation. The entrepreneur often expects that person to keep fellow investors informed.

board 75

board investing investment entrepreneurs 75

Both Sides of the Table

JANUARY 3, 2016

While firms define platforms differently, let’s just say they are the services that a VC offers outside of investment capital and partner time on boards or providing intros. They offer leadership conferences, regular content articles on leadership, board pack templates and the like.

VC 198

VC peer-to-peer mix-use leadership 198

Entrepreneurs' Organization

JUNE 23, 2017

If an entrepreneur doesn’t have the money to move a business forward, the answer is easy: He needs a partner with money. If that entrepreneur has enough money to conservatively make it work (but not quickly), he or she can go it alone, but the business will not scale quickly and it may lose its niche opportunity.

energy 130

energy accelerator disruption entrepreneurs 130

Both Sides of the Table

MAY 20, 2018

Every entrepreneur wants to hear “yes” during the fund-raising process but I would argue that being too risk averse and not pushing hard enough and be willing to hear a “no” is what holds back many people from “yes.” Possibly offend and entrepreneur leading to reputation risk amongst other entrepreneurs.

peer-to-peer 189

peer-to-peer entrepreneurs VC investing 189

Gust

FEBRUARY 19, 2014

Virtually every investor and serial entrepreneur I know will—in a heartbeat—take ‘smart, good’ money over ‘evil’ or ‘dumb’ money any day of the week, even if the valuations differ by 10x. A term sheet is not necessarily rocket science, and with enough time and effort can be understood by anyone.

investing 128

investing investment startup board 128