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I recommend you read Fred Wilson’s recent blog post about the need for a well articulated business strategy before pushing a particular business model. He then brought her to board meetings so nobody could accuse him of not having a business model. The Need for Strategy. My take on his argument is this: 1.
I’ve written a few posts about boards recently as part of a series on the subject. I should note that my friend Brad Feld has written a new book on the subject that I would recommend if you want the bible on the topic. Offering a sparring-partner function on strategic decisions.
This post is part of my ongoing series exploring lessons from Jim Collins’s book, BE 2.0 As I shared in a previous post , when I was president of Click Workspace, a startup coworking space, our board chairman delivered feedback that hit me hard: I wasn’t paying enough attention to our financials.
This post is part of my ongoing series exploring lessons from Jim Collins’s book, BE 2.0 ” List all possible causes of that failure Identify the most dangerous factors Develop mitigation strategies immediately This process helps you see risks your optimism might otherwise blind you to. Beyond Entrepreneurship 2.0).
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. There are of course many Seed VCs who take board seats, don’t over-commit to too many deals and try to help with “company building” activities to help at a company’s vulnerable foundations. Secrets of Sand Hill Road.
As an EO strategy summit facilitator, I have witnessed first-hand the value of these events for the community. Strategy summits are opportunities for growth, connection, putting steel to the grindstone, and sharpening processes to drive transformation. The other 99 percent? Alignment.
It’s predictable, there is no reason to get mad about it and with a well-designed play book you can overcome this much of the time. I left the meeting and had to attend a 3-hour board meeting where two founders have been fighting and each want the other one fired. I call it, “Remind me why I love you again?”
Many board meetings are bored meetings. This is a shame since the value that the right board could add is immense if you select the right board members and manage them effectively. Yesterday I wrote a blog post about what the role of a board actually is. Some boards are highly functional, many are not.
I recently read a book I’d highly recommend to every reader of this blog called “ Yes, 50 Scientifically Proven Ways to be Persuasive &# by Robert B. Cialdini who is also author of a very well received book called “ Influence &# (which I plan to read). You should, too. (no, This is all explicit decision making.
I read this book, " Why We Make Mistake s " and it talks a lot about "recall bias". So much of this is gut feel with a thin later of strategy retrofitted to seem more than random. The biggest problem is that what gets lauded as successful strategy isn't replicable--or at minimum should never be advocated.
Innovator’s Dilemma – In his seminal book, “The Innovator’s Dilemma,&# Clay Christensen talks about why industry leaders almost always fail to act when “disruptive change&# enters their business. If you haven’t read his book please do yourself a favor and buy it. Incumbents can’t react.
Post MBA I went into strategy consulting where my job was to problem solve for clients. This is a problem for a strategy consultant because you are, by definition, a generalist that is thrown into new problems again and again. I found this book very useful but still a little bit hard to implement. It’s not.
She told of the teaching of the Talmud – a book which scholars use to debate doctrine and from which Jewish people are reminded to always learn and to debate. But as I rose in my career (and post MBA) I moved into a role in which I was to advise board-level executives on topics where I was expected to rapidly become an expert.
Yet after a seed round of $2 million many are still doing Quickbooks entries, booking hotels & airplane tickets, negotiating offices leases and digging through employment benefits, legal contracts and such. At board meetings Ophir could focus on strategic questions because he knew that Phil could answer to every number in our board pack.
Research suggests that denying negative reality is a principal cause for Boards of Directors to fire their CEOs. To overcome cognitive biases and cease denying reality, it’s critical to acknowledge faulty thinking strategies and rely on research-based best practices to ensure a successful return to the office. Conclusion.
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. . As a next step, we recommend that you register at the major expert network websites, as well as LinkedIn and job boards, if you haven’t already.
Most VCs are book smart. In fact, book smart can be a negative. I’ve seen too many companies go off track by a VC hell bent on the team pursuing the VCs strategy which at times is about chasing the next shiny object. So I thought I’d write about out with what I would look for in a VC knowing what I know now and why.
He brings knowledgable experts from varying points of view but never books anybody that engages in yelling matches. I haven’t read the book nor deeply reviewed Project Aristotle but the conversation on this morning’s show really resonated with me. I have a board meeting coming up this week and I just reviewed the agenda.
Board Meetings. If you’re not taking this zone-out down time I’ll bet you’re not having enough strategic reflection on your job, your company, your strategy. I learned about this behavior and how to channel it from my favorite book about ADHD, Delivered from Distraction. Conferences. Startups Are for Doers.
CEO Jonathan Kite said a new automated turn board feature was a significant factor accelerating the company’s success. The company has also spanned far beyond its book-based roots. The post 6 Strategies for Local Startups to Scale Up Nationally appeared first on StartupNation. Sign Up: Receive the StartupNation newsletter!
I’m going to focus this post around the concept of a “board dinner” or “board lunch” since this is part of a series around how to more effectively run board relationships but most of these tips can be broadly applied. Why a Board Dinner (or Lunch)? Managing a board is a bit like flying?—?the
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.).
A channel sales strategy is crucial to scaling a startup. If not, Evan recommends that you go back to the drawing board. By Alana Hill , Securetech Associate at Dreamit Ventures Book Office Hours with the Securetech team. However, most startups fail to launch and execute a successful channel sales program.
bang on the windows of a board meeting recently and stick his tongue out at all of us. She debates manufacturing strategies. When you think about physical stickers and activity books every parent can understand. Aka Punky Brewster. We’ve had many celebrities walk through our doors including a-list film stars.
He’s also a Silicon Valley venture capitalist, sits on the boards of several startups, is a many-time entrepreneur himself, and was previously an exec at GE and Intel. In your book, you share two attempts at radical transformation – one by a traditional company that tried to add brains, and one by a tech company that tried to master brawn.
We built a business with $36 million in bookings and real customers who relied upon our service. He also talked about the work he enjoyed doing: coming up with our strategy, working with our largest customers (like Allstate, DirecTV), working with VCs (Accel, Upfront, Rincon, Salesforce.com) and talking with future investors.
I am reading a friend’s book which is still in proofs and so I’m not going to talk about it yet. But there is one part of the book that really rang true for me and that is when he talks about certain kinds of problematic employees, particularly one he calls The Heretic.
YC Group Partner Surbhi Sarna has written a book called Without a Doubt , and today it goes on sale. I have no idea how Surbhi managed to write a book while also being a Group Partner at YC (a more-than-full-time job!). It's a must-read for anyone interested in healthcare.
In addition to his books, Geoffrey Moore assisted in writing “In a Downturn, Provoke Your Customers” for the Harvard Business Review in 2009. His strategy for selling in 2009 is relevant to any economic downturn. Luckily, the strategy can be broken down into 3 steps. What keeps them up at night? What are they ignoring?
Then, we develop a communication strategy to convey the value of these face-to-face tasks to hybrid employees, to get their buy-in on coming to the office for high-impact work pursuits. In-depth training A survey by The Conference Board reveals the key role of professional development for employee retention.
Consider: When GOAT started it was a restaurant reservation booking app called GrubWithUs … it’s now worth $3.7 The right number of deals will depend on your strategy. If you’re a seed fund that takes 5–10% ownership and doesn’t take board seats you might have 50, 100 or even 200 investments.
These overachievers and members of The Oracles share their strategies to sharpen your focus, prolong your concentration and beat distractions once and for all. I wrote kids’ yoga books and about my experiences with cars and racing. Create a five-step customized strategy. . Grace Lackey | The Oracles. Lewis Howes.
That little online book company. More recently great funds like IA Ventures, Floodgate, Rincon Ventures, Founder Collective, Freestyle Capital and others have raised money to focus on early-stage investing as a strategy. Amazon changed our industry. This is mind boggling. Not Google. Not Microsoft. 100% of the credit.
If you've been wanting to learn a new skill or even strengthen existing ones, here are the seven tried-and-trued strategies I used to boost my expertise—and how you can, too. Now that we're on the same page, let's dive into the seven strategies you can use to learn a new skill or enhance the ones you already have.
Announcing EIGHT new mini-books and eBooks by Master Entrepreneur, Dave Berkus , just released by The Berkus Press. Covering important business growth subjects, these books are a must-have for you and your associates. Individual books from The Berkus Press by clicking HERE. Creating strategies. BUILDING GREAT BOARDS.
My EO Forum served as a sounding board to examine my challenges—both personal and professional. From practical assistance, like boarding up my store windows in anticipation of a local riot, to the personal growth opportunities that I gained through my role managing our chapter’s learning calendar, EO members stood by me.
Get involved with non-profits where CEOs serve on the board, attend their galas and events, and get to know the leadership. CEOs may resonate with a higher-end content strategy such as white papers, books, or even a branded podcast. In addition to high-level conferences, where else can you meet CEOs? None in your area?
If you're a beginner learning the ropes or a veteran B2C marketer making the shift, trying to work with anything other than a purpose-built B2B email marketing strategy is a recipe for disaster. 6 key strategies for designing a B2B email campaign You get it: B2C or generalized email strategies are a no-go for your B2B campaign.
by Erick Slabaugh, a long-standing EO member in Seattle and former director on the EO Global Board “If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” The Origins David Galbenski and I served on the EO Global Board together in 2007. People don’t hand us greatness.
Board meetings are a pain in the ass. When you have some kind of consistant methodology--metrics you track each month, a meeting that is already booked, a repeat call scheduled, you actually take less time than dealing with individual investor queries one at a time. 1) Good Investor Communication Saves Time.
Your best strategy is to bring your own term sheet to the negotiation as a starting point. Based on my experience, and the book “ Attracting Capital from Angels ” by Brian Hill and Dee Powers, here are some key clauses that any investors expect on the first term sheet for the investment you need: Set the price. Seat on the board.
I also have a physical “to do” book and a system for jotting things down and crossing them off that I follow religiously. It’s been like having my own board of directors, for both my business and personal life. I don’t understand why anyone wants scalding hot coffee, anymore than they want a scalding hot shower.
A common topic today in software startup board rooms is: should the company price by seat or by usage? To answer this question and many others, Redpoint Office Hours will welcome Madhavan Ramanujam , Partner and Board Member at Simon-Kucher on Wednesday, August 25th at 11AM PT. It’s the canonical book on modern pricing.
The best MBA class I took was an investment strategy class. As a personal story, I sat on the board of one company with a very unhealthy burn rate relative to revenue or expected growth. I can’t tell you how many weekends, evenings, early-morning board calls and hours of frustration I poured into this shitty situation.
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