The Seraf Compass

OCTOBER 26, 2022

Many years ago I joined the board of a company after my angel group became the lead investor in the company’s seed financing round. As part of my compensation for being a board member, the company issued me restricted stock.

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board advice finance financing 347

Gust

JULY 15, 2012

I recommend that every early-stage startup find three Advisory Board members. For this, you should expect participation in monthly strategy and review meetings, and unlimited access via phone or email for questions, mentoring, and advice. The Advisory Board’s objectives and focus. Let’s talk specifics.

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board startup mentorship strategy 178

Both Sides of the Table

MAY 2, 2015

I can’t tell you how many people have thanked me for this advice and say their productivity increased exponentially. One area I’ve had much discussion with the companies in which I’ve invested in is bringing on board an operationally focused CFO. And board confidence matters in growing companies.

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board energy financing finance 338

Entrepreneurs' Organization

JULY 6, 2020

Here is advice I collected for dealing with the stress of running a startup: 1. Brad Feld, a partner at Foundry Group and investor in many successful startups, gave me this piece of advice. I interviewed a number of prominent VC’s and entrepreneurs for my recent book. Remember that you are not alone. A startup is not a lone adventure.

peer-to-peer 321

peer-to-peer startup advice entrepreneurs 321

Both Sides of the Table

JANUARY 22, 2014

I had an enjoyable conversation this morning with a young team straight out of college this morning and they were calling to ask advice on how to approach fund raising (angels vs. VCs, how to select a VC, etc.) Startup Advice VC Industry' Deals done in your industry? It’s a bit of all of these. Industry or Operating Experience?

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VC advice board leadership 364

Both Sides of the Table

APRIL 27, 2013

They often ask whether they have to move to SF, NY or LA to get financed. ” I’m trying to get a feel for their commitment to local community versus being in a place where financing is easiest. I will commit to traveling to NYC seven times per year for board meetings. “ Startup Advice'

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VC board communities pitching 365

Berkonomics

MARCH 29, 2018

Ever get bad advice? Ever take that advice without question because the person giving it was an investor, a superior in rank, the chairperson of your board? I’ll bet you have at least one story of bad advice taken and being bitten as a result. We all have in our past. But I digress.

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American Entrepreneurship

MAY 29, 2024

The most successful entrepreneurs are those who take the approach of seeking out those who can give the best advice when dealing with the challenges of growing their small business or startup. The Importance of Seeking Out Expert Advice Seeking out expert advice is crucial for small business owners for several reasons.

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advice construction board entrepreneurs 98

This is going to be BIG.

AUGUST 2, 2010

First off all, not every company is right for equity financing—and many other companies would be better off starting without it. I can’t tell you how many companies I’ve run into where the inability to get financing, or the lack of interest in it, led them to building better companies.

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startup entrepreneurship venture capital mentorship 253

David Teten VC

JUNE 9, 2021

You can work as a consultant, an interim executive, a board member, a deal executive partnering to buy a company, an executive in residence, or as an entrepreneur in residence. . However, historically most private equity professionals were former investment bankers and other finance professionals. Board of Directors.

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consulting venture capital board capital 128

Both Sides of the Table

JULY 1, 2010

One of the first boards that I ever got involved with where I wasn’t the CEO was with a company in which I hadn’t invested but was brought on board to look deeper into operational issues. I spent a ton of time with the CEO and VP Finance understanding the businesses, its customers and its operational challenges.

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startup board advice VC 308

Both Sides of the Table

FEBRUARY 6, 2013

Equally – a great VP Finance can be leveraged well to take on finance, legal, HR and much of the operational tasks. Be careful about board construction. Can always appoint other startup CEOs to the board to take founder seats (which you control) and/or bring in industry experts as independents.

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Source Link

JANUARY 29, 2022

Your local Small Business Development Center (SBDC), which can provide assistance with business planning, access to financing, counseling services and classes. Lean on advice from others who’ve been there before. What’s more, building your ecosystem upon trust and strong relationships can help your whole network thrive.

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entrepreneurs support coworking spaces entrepreneurial ecosystem 278

Revolution

MARCH 1, 2023

On the other hand, if the company does need to finance again, it is likely looking at a “down round” in the near future — a financing at a lower price per share than the previous financing. As we have discussed with management teams and boards over the years, it is easy to find a company that failed because it ran out of cash.

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advice founder finance financing 147

Both Sides of the Table

NOVEMBER 11, 2013

If you’re an associate, an assistant, in finance or a new partner interviewing with the firm – you know what we expect! We’ve enjoyed working closely with Kyle over the past 2 years and are delighted to have him on board and 100% focused on Upfront Platform Services. Startup Advice' First task for Kyle?

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ventures VC strategy advice 324

Both Sides of the Table

OCTOBER 11, 2016

The number one advice I give is “stop trying to be too smart”. Importantly, we recently announced a $30 million financing that gives us the resources we need to build a global enterprise software company. It’s the founders who are willing to let you join their boards. It’s the people who want to work with you.

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venture capital capital ventures VC 363

Berkonomics

JUNE 20, 2024

Ever get bad advice? Ever take that advice without question because the person giving it was an investor, a superior in rank, the chairperson of your board? I’ll bet you have at least one story of bad advice taken and being bitten as a result. We all have in our past. But I digress. What went wrong? What went wrong?

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advice real estate board angel investing 62

NZ Entrepreneur

NOVEMBER 19, 2024

A separate business bank account draws a clear distinction between your personal and business finances. Beyond technical expertise, a good accountant can be a valuable sounding board for your business decisions. They can offer objective advice on everything from managing cash flow to securing funding.

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startup consulting sustainability frameworks 104

Young Leaders of the Americas Initiative

APRIL 14, 2020

When looking at personal financing apps and resources, Dr. Decker recommends exploring which apps are available and might best fit your needs. What is your advice for a beginner investor? Ask as many organizations (and if possible, your government) until someone comes on board.

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advice communities entrepreneurship networking 246

Entrepreneurs' Organization

APRIL 2, 2021

Contributed By Susan Michel, EO New Jersey member and founder and CEO of Glen Eagle Advisors , which provides investment management and financial planning advice. Play games involving money: Money-themed board games including Monopoly or Life are engaging, memorable introductions into understanding how money works.

education 196

education board finance financing 196

Both Sides of the Table

DECEMBER 14, 2010

So my first advice is not to rush in the fund raising process. They made great introductions, they helped you get financed, the put in more money themselves, they helped you strategically and they helped you with your exit. Don’t take my advice, take Eric Clapton’s. Not so in venture capital.

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VC advice venture capital entrepreneurs 298

Both Sides of the Table

MAY 15, 2010

Clearly a startup should consult its lawyer before filing or not filing.But the attorneys I relied on to write this piece told me that they’ve done lots of Section 4(2) deals in the past, and would recommend it to clients who had relatively simple financing agreements (not tranched-out, not too many investors, etc.) Short answer: no.

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VC financing finance capital 285

Both Sides of the Table

SEPTEMBER 19, 2010

Not exactly the easiest time to be selling a credit business as the finance world around them was melting and the company was negotiating its credit facilities if it were to stay independent with the likes of Citibank. didn’t buy the company but having them on board as serious potential buyer helped our ultimate sale.

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angel investing investing investment VC 280

Y Combinator

JULY 15, 2019

One of the most common questions we hear from founders is “How do I manage my board?” It’s something that provokes anxiety, because this is the first time the founder/CEO is subject to external supervision, and the board has powers that include the firing of the CEO and the senior management. But first, what’s the purpose of a board?

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board frameworks advice peer-to-peer 100

Both Sides of the Table

DECEMBER 20, 2009

I have mostly taken over helping my dad with his finances. Former CEO (and now Chairman of the board) is Nethaniel Lipman. Tags: Start-up Advice. But in the past few years I’ve entered what is called the “sandwich years&# in which you start helping to take care of your parents as well as young kids. … $$$?

education 263

education advice board financing 263

Both Sides of the Table

NOVEMBER 14, 2017

This financial leader could well have come through the finance org at another startup or at a larger company but they often also can come from strategy consulting (Bain, BCG or McKinsey) or through investment banking (Goldman Sachs, Morgan Stanley, etc.). If I could close with some advice for startups and boards ….

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innovation startup board leadership 286

Both Sides of the Table

FEBRUARY 20, 2012

She found non-traditional financing. Without this money she wouldn’t have been able to finance operations. I’m told she just signed with one who will be on-boarded soon. She put all of her savings into her company. But Tracy did what entrepreneurs do. She never gave up. So her wedding story had a happy ending.

peer-to-peer 363

peer-to-peer entrepreneurs startup entrepreneurship 363

Both Sides of the Table

JUNE 8, 2014

On my trip I also gave my usual advice to entrepreneurs who don’t live in a major tech funding hub: Find VCs who are from your area originally. Fly out to CA, NY, BOS and tell investors that you’ll willing to do the majority of board meetings there. They often fly back at least once if not twice a year to see family.

startup 390

startup communities venture capital angel capital 390

Entrepreneurs' Organization

DECEMBER 30, 2020

Whether it’s securing investment capital, marketing a concept, recruiting new talent or leaning on peers for support and advice, having a solid network can seriously work to your benefit. Noelle Fauver volunteers on the board of the San Diego American Marketing Association and is a contributing editor for 365businesstips.com. .

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entrepreneurs peer-to-peer creativity networking 236

TechCrunch

AUGUST 2, 2022

shared her advice for entrepreneurs who are focused on climate and sustainability: “If your business activities have produced desired results and repeatable cycles — like developing a new product and distributing it through local markets — then you are ready to multiply.” Build a solid deck for your quarterly board meetings.

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board startup micromobility financing 83

Berkonomics

NOVEMBER 22, 2010

It was thrilling for these angels to find a young entrepreneur with an idea for a business that seemed so destined for greatness that the angels invested over $1 million on the condition that the group receive two board seats and one observer seat on the start-up’s board. Email readers continue here.]

advice 61

advice real estate board angel investing 61

Startup Grind

AUGUST 17, 2018

I joined the board of one of my international investments for the first time ever last year. The things to consider when flipping are: Tax implications Which entity owns the IP How you structure commercial agreements between the entities I’m not lawyer, so you should get legal advice. Feel free to reach out.

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finance financing founder pitching 133

TechCrunch

AUGUST 4, 2021

What’s the board’s role in an early-stage startup? Startup founders frequently ask me about the role of a board of directors. A board can be a crucial asset in an early-stage startup. What is a board of directors, anyway? What is a board of directors, anyway? What exactly can a board help you do?

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board startup strategy frameworks 100

Both Sides of the Table

MAY 19, 2013

The board was unanimous in our opinion of this including outside director Ian Rogers who has served as Jonathan’s mentor and friend. To watching Fred lead our sales, marketing and implementation efforts and driving the recruiting & financing of the company. Startup Advice'

peer-to-peer 303

peer-to-peer energy founder advice 303

Both Sides of the Table

SEPTEMBER 29, 2009

They should heed the age old advice that raising slightly more money while you can is always better than trying to optimize future valuations. As a personal story, I sat on the board of one company with a very unhealthy burn rate relative to revenue or expected growth. disclosure: I am thankfully no longer on this board).

VC 263

VC board investing investment 263

Both Sides of the Table

AUGUST 18, 2010

As the CEO you have a team that is counting on you and a board that is measuring your performance. Figure out a way to finance it. Tags: Startup Advice. I make commitments to others and I have such a high sense of honor for not breaking commitments that it forces me into action. It’s hard to hide. So I always performed.

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mentorship creativity energy entrepreneurs 374

TechCrunch

OCTOBER 13, 2022

While he declined to reveal valuation, Peng noted that the new financing was a “significant up round.” It’s actually exacerbated the problem — this unfair expectation that individuals actually know what to do with their finances,” said Peng. Financial advice is something that fundamentally everybody needs.

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