This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
the most counter-intuitive fund-raising advice you’ll ever get I’m about to offer you some fund-raising advice that flies directly in the face of what most conventional wisdom will tell you. These collective sets of documents form the basis of what somebody looking at investing would call “financial due diligence.” It doesn’t.
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.
You know that every turn of the legal documents can add weeks. They’re not bothered when the lawyers didn’t get the documents out when they promised. If they promised they’d ship documents and they weren’t released I’d be straight on the phone with them. Push hard to document turns. Decide what’s important to you.
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?
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 part of my ongoing series Startup Advice. I hired a senior exec from the building materials industry (we were a document collaboration company for the engineering & construction industry) who was also ex McKinsey. Tags: Start-up Advice. This is a story of one of the risks of venture capital. million were enormous.
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.”
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?
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.
Instead, we saw competitors supporting each other by giving advice and feedback. We’re grateful to GSEA for providing this wonderful platform and letting us document it.”. Foster: “I was most impressed by the culture and the environment EO created through GSEA for this event.
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.
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.
And precisely because buyers usually prefer to have limited money go to investors – investors almost always have the ability to say “no” to transactions in the terms of their funding documents (aka “blocking rights”). Startup Advice'
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.
As I was biking around the other day, I realized that they have a lot in common and so the advice I have to give about both is pretty similar: 1. Put all the right legal documents in place--co-founder agreements, privacy policies, etc. A lot of people ask me about cycling in NYC. They ask me about startups, too. You must wear a helmet.
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.
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.
Startup Advice' You could often tell when a sales person couldn’t defend having the deal be listed as an A deal (and thus have a high forecast percentage) by having them walk you through each deal. To have NO process or methodology and give no thought to suspects, prospects, leads and current customer accounts is madness.
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.
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.
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.
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).
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.
We organize all of the trending information in your field so you don't have to. Join 24,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content