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5 Reasons To Enlist Outside Advisors For Your Startup

Startup Professionals Musings

Here are some key reasons why I believe every entrepreneur should create a formal Advisory Board or Board of Directors before they ask for funding, or even build their business plan: We all need a bit of reality to balance our passion. The cost of a co-founder is usually fifty percent of your equity.

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6 Key Leaders Every Technical Startup Needs To Thrive

Startup Professionals Musings

Thus I was happily surprised when I found the classic book, “ The Tech Entrepreneur’s Survival Guide ,” by Bernd Schoner, PhD, and cofounder of ThingMagic, which leans heavily on the people side of the equation. It just means that the cofounders trust one of their own and are willing to follow. The industry veteran. The financial suit.

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How Baby Boomers Fit In The Realm Of Entrepreneurship

Startup Professionals Musings

Supportive co-founder and executive positions. Member of the Advisory Board. Every startup needs two or three key advisors who have the domain experience, connections, and complementary skills to guide the founders through those early crises. Manage customer service.

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8 Strategies For Sustaining Momentum In Your Startup

Startup Professionals Musings

For example, Mark McClain, cofounder and CEO of SailPoint Technologies , created an employee growth culture resulting in growth of forty percent a year, with more than $100 million in revenues. Momentum requires a team culture of high motivation and engagement. The company has since gone public, and is still a market leader.

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7 Steps To A New Business From An Innovative Solution

Startup Professionals Musings

That’s why investors acknowledge that two co-founders are often better than one -- with one focusing on the technical solution, and the other focusing on defining and building the business model. The founder had simply not done the work to validate a price and customer segment. These two jobs need to be done in parallel.

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7 Keys To Making A Business Out Of Your Great Product

Startup Professionals Musings

That’s why investors acknowledge that two co-founders are often better than one -- with one focusing on the technical solution, and the other focusing on defining and building the business model. The founder had simply not done the work to validate a price and customer segment. These two jobs need to be done in parallel.

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6 Team Members Who Will Make Your New Venture Robust

Startup Professionals Musings

Thus I was happily surprised when I found the classic book, “ The Tech Entrepreneur’s Survival Guide ,” by Bernd Schoner, PhD, and cofounder of ThingMagic, which leans heavily on the people side of the equation. It just means that the cofounders trust one of their own and are willing to follow. The industry veteran. The financial suit.