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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. About a decade ago I witessed a board where a former partner of mine and the founding team were at odds over how to run the company. Yes, this is a thing.
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.
Many of these businesses were what First Round Capitalcalled FNACs (features, not companies – this acronym has always stuck with me). I’m not even talking about your 12-page Powerpoint presentation that you need to raise venture capital or to talk with potential biz dev partners. portfolios.
As an industry we need to pay attention to those who are struggling as they build their startups and make sure we pay as much attention to the mental stresses of the job as we do to the business challenges like shipping product, hiring staff and raising money.
Your Business Partner Closer,&# was a reformatted version of a blog post titled “Keep Your Startup Co-Founder Closer&# which appeared in Ryan Roberts PC’s blog for startups and entrepreneurs, The Startup [.] Who must be a co founder and who can remain a hired principal? I am the idea guy, but I am the only guy right now.
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