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Local I feel strongly that you should consider hiring an independent that is local to you. That’s why hiring somebody with some startup experience can really help. But setting up legal agreements is about thinking about edge cases and you avoid the upfront hard conversations at your peril. Yes, this is a thing. Diplomatic?—?A
Many of these businesses were what First Round Capitalcalled FNACs (features, not companies – this acronym has always stuck with me). If you’re a consumer destination the revenue and COGS lines should tell me about how big your funnel is, how you fill the top end of the pipe and what your conversion rates will be.
Conversely you could blame the LP's (limited partners: the investors in venture funds) and say they are the one's not risking it enough. Even if they enter with a low 2 or 3 million round, they are easily able to scale the business quickly with additional capital. What does this all boil down to? Well, it's a matter of talent.
They interweave off-stage lives and conversations with amazing musical performances and they both have amazing editing and cinematography. It was a heavy day, for sure. Both films were must watches for artistry. They are essentially the same story.
do not think being friends or relatives reduces the need for these difficult and/or awkward conversations. Who must be a co founder and who can remain a hired principal? When I find, and hire on options, the three perfect CEs/directors must I consider them co founders and treat them accordingly?
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