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Should You Really Sit on Other Boards When You’re a Startup Founder?

Both Sides of the Table

I recently read Brad Feld’s thought provoking piece encouraging founders to sit on the board of another startup company. I found it thought provoking because I’ve always believed startup founders need extreme focus on only their company to succeed. You’ll view a company from a different vantage point.

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How This Entrepreneur Raised $28,000 Using Airbnb to Fund Her Startup

Both Sides of the Table

Tracy DiNunzio isn’t your typical Silicon Valley startup founder. She did her first tech startup after the age of 30. Tracy was an artist throughout her 20′s but she watched her then husband found a tech startup. She found non-traditional financing. She’s a painter and a self-proclaimed Bohemian.

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Average startup CEO salary is $150,000 in 2022

TechCrunch

Whenever founders raise a round of finance, the question becomes “what the hell should I be paying myself.” ” It’s one of those rare things you can’t really go to your board or advisors with. The firm reports its figures based on an anonymized dataset comprising more than 250 startups.

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Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

But not everybody has the right skills to build a highly successful and valuable startup from scratch. For some aspiring to be tech entrepreneurs, I often suggest a two-step process, as I argued in this post that “ The First Startup Founder You Need to Invest in Is You.” Of course you could start your own company.

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Should You Consider Replacing Yourself as CEO?

Both Sides of the Table

My internal compass has always steered me strongly toward the belief that founders who can scale with their startup companies are better to back that founders who eventually need to hire a CEO. Very few founder CEOs go into the job ever expecting to give up their seat. It’s your baby. So give up the CEO role?

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Upfront Ventures Raises > $650 Million for Startups and Returns > $600 Million to LPs

Both Sides of the Table

We remain confident in the long-term trend that software enables and the value accrued to disruptive startups; we also recognized that in a strong market it is important to ring the cash register and this doesn’t come without a concentrated effort to do so.

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How to Develop Your Fund Raising Strategy

Both Sides of the Table

Raising money is hard. And when you’re relatively new to the process it’s easy to be confused by the process. There is all sorts of advice on the Internet about how to raise capital. Of course much of it is conflicting. And of course I’ve sat on the other side of the table: As a VC. Partners make investment decisions. Why buy me?

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