Startup Professionals Musings

MAY 22, 2020

One more key employee or one more investor will probably not turn the situation around. Every startup should have at least a couple of outside advisors who are not major investors or family members, anxious to talk to new investors and key new hires. Calculate employee stock option values and vesting times, as well as salary.

Technical Review 436

Technical Review Due Diligence Sweat Equity Burn Rate 436

Both Sides of the Table

DECEMBER 27, 2011

If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. So your Q1 results will be $180,000 less profitable than if you hadn’t hired them. Hiring more people isn’t always the right answer.

Startup 418

Startup Revenue Technical Review Flash 418

Both Sides of the Table

APRIL 27, 2010

My original post was directed at hiring managers. It said that I didn’t believe it was a good idea to hire job hoppers. My view still stands – for many hiring managers a large factor in looking through resumes of somebody who is 30+ and has never worked somewhere for more than 18 months will be the job hopping element.

Venture Capital 285

Venture Capital Hiring Software Review Stock Options 285

Both Sides of the Table

JULY 16, 2010

But VC is an “illiquid asset&# so funds didn’t disappear quickly - In 2000/01 the stock market quickly adjusted punishing investors in the NASDAQ and in individual public technology stocks. What accelerated this was the collapse of the public stock markets. And of course you will produce our next wave of innovation.

LP 311

LP Technical Review Early Stage Silicon Valley 311

YoungUpstarts

NOVEMBER 27, 2012

If you are not in a position to hire more personnel to manage different areas of your operations then it’s likely you’re still the wearer of various hats within the business – meaning you need a streamlined system that makes business operations as easy as possible, takes minimal time for you to manage and effortlessly keeps you in control.

Software Review 187

Software Review New Zealand Stock Database 187

SoCal CTO

NOVEMBER 1, 2010

And let’s be honest, most employees, advisors, etc. You should avoid spending your time here and instead focus on finding a way to generate revenue or to attract investors so that you can afford to hire someone. In a few cases it’s where I’m a co-founder of the business. How To Get There

Technical Cofounder 241

Technical Cofounder CTO Hire Equity Sweat Equity 241

Both Sides of the Table

JANUARY 21, 2010

Forget to get around to setting up that Employee Stock Option Plan and want to be able to give the early guys their options at a low strike price? I know he’s smart but you wouldn’t hire a Javascript developer to do your database design – would you? Shame about that pesky FAS 157 ruling.

Southern California 318

Southern California Silicon Valley IP Stock Options 318

Both Sides of the Table

APRIL 22, 2010

I never hire job hoppers. They make terrible employees. Why do job hoppers make such bad employees at startups? -. You have tough choices to make about whom you hire on your team. Now is the time that you need “all hands on deck.&# That awesome gal you hired in engineering has job options and she knows it.

Hiring 392

Hiring Employee Vesting Silicon Valley 392

Startup Professionals Musings

FEBRUARY 18, 2023

One more key employee or one more investor will probably not turn the situation around. Every startup should have at least a couple of outside advisors who are not major investors or family members, anxious to talk to new investors and key new hires. Calculate employee stock option values and vesting times, as well as salary.

Sweat Equity 207

Sweat Equity Burn Rate Technical Review Intellectual Property 207

Steve Blank

MAY 19, 2015

While he kept bringing the conversation back to their big valuation I tried to steer the conversation back to how they were going to deal with: training the influx of new hires – in both culture and job specific tasks. retaining their existing hires who were working for intern-like salaries with little equity.

Technical Review 120

Technical Review Salary Early Stage Software Review 120

Transformify

MARCH 14, 2020

These days, due to coronavirus outbreak, many businesses have asked their employees to work from home. At the same time, the stock markets collapsed, and most businesses already report skyrocketing losses, unmet revenue targets and insufficient stock due to production slow down in China, India and the rest of the world.

Hiring 75

Hiring Bulgaria Italy Spain 75

The Next Web

OCTOBER 14, 2012

You should be extremely specific as to what the client is hiring you for. What about stock imagery? Will you need to find and purchase stock imagery or will your client be providing their own imagery? For example, if you are redesigning a client website, does that also include coding?

Tennessee 159

Tennessee Software Review Government Stock 159

Both Sides of the Table

DECEMBER 2, 2010

If you’re a pure startup and haven’t raised any money – you might change the life of every person you hire. I always encourage people to allocate a few extra stock options to those that join super early when your company is risky and they just believed in you. Sure, you can get away with less, but why?

Europe 352

Europe France San Francisco Chicago 352

The Next Web

OCTOBER 7, 2013

They were referring to non-founder engineers, most commonly the first hire for technology businesses. From the perspective of my outside friends, why are employees that so clearly impact the growth trajectory of a company look like they’re getting screwed? These common shares are granted to founders from the beginning, not employees.

Engineer 129

Engineer Dilution Option Pool Vesting 129

Up and Running

DECEMBER 17, 2014

Use it to manage the hiring process, to keep track of investment and fundraising projects, to manage deals, and much more. I think it’s a great tool for listing out stock you need to buy, for prioritizing tasks with your team, and for playing around with ideas, thanks to the super easy drag-and-drop functionality built into the app.

Entrepreneur 153

Entrepreneur Email SCRUM Stock 153

Up and Running

MARCH 7, 2018

In my time, I learned a thing or two about the importance of preventing employee turnover. Aside from the time-consuming tasks of screening potential employees, interviewing, and re-hiring , losing and replacing employees is expensive. On average, it costs nearly three times an employee’s salary to replace them.

Employee 91

Employee Startup Salary Hiring 91

Startup Professionals Musings

NOVEMBER 26, 2018

For example, how should you handle a cash flow crisis, where you have to choose between paying a creditor and your employees? It’s not uncommon for investors to push strong personal agendas, or major stock holders to focus on short-term goals in lieu of your high-level ones. High team culture impacted by elements of negativity.

Due Diligence 219

Due Diligence Leadership Stock Entrepreneur 219

YoungUpstarts

MARCH 22, 2019

Without the resources to hire a full time bookkeeper and little understanding of how to get their heads above water, many of these small businesses will founder having struggled due to lack of cash flow and poorly managed accounts. Provide real-time stock and inventory levels. Receipt payment via multiple platforms. Staff requirements.

Software Review 176

Software Review Due Diligence Startup Stock 176

ReadWriteStart

OCTOBER 22, 2019

These people may be permanent employees, or they may work on a project-by-project basis, but they are managed very much as if they’re working right alongside you. Hire anyone who fits the culture and mission of your company wherever they live. Hiring local talent will force you to pay more than you can afford.

Distribution 117

Distribution San Francisco Silicon Valley El Salvador 117

ReadWriteStart

JANUARY 23, 2023

In this approach, some of your employees will continue working from home, while others will work from the office. You can upgrade the break room with a nicer table, better cooking equipment, and something recreational for employees to enjoy, like a dartboard. Instead, consider hiring based on talent. Consider a hybrid workplace.

Lean 158

Lean Technical Review Startup Acquisition 158

YoungUpstarts

JULY 21, 2019

Make sure your employees and business still have the essentials. Collaboration programs make it easy to communicate with your employees and client online. Some websites offer free vector graphics, free icons, free stock photos, and more. The best way to avoid this is by covering all your legal bases by hiring an attorney.

Software Review 191

Software Review Entrepreneur Cost Cofounder 191

YoungUpstarts

APRIL 30, 2020

Speed equals immediacy AND certainty of delivery (in stock): Consumers want same day or next day delivery more than ever before. Walmart, Amazon, Instacart are all attempting to rapidly hire hundreds of thousands of employees to meet the expectations of their customers.

America 222

America New York City Technical Review Distribution 222

VC Cafe

JANUARY 14, 2022

The Israeli innovation authority deems the sector suffers from ‘ chronic employee shortage’ The battle for talent has meant that companies had to lure potential employees with billboards, influencer videos, referral schemes, etc. January saw tech stocks rattle (read Fred Wilson’s the Selloff ).

Israel 158

Israel Technical Review Lock-up Period South Korea 158

VC Adventure

AUGUST 16, 2020

Despite how much time companies talk about the importance of their employees and, in many cases, how every employee is also an “owner” of their business through their option program, most companies are pretty ad hoc (or down right sloppy) about how they plan for and execute their option program.

Programming 148

Programming Vesting Equity Software Review 148

SoCal CTO

OCTOBER 5, 2010

8220; His three things (worth reading his whole post anyway) are set vision/strategy and communicate broadly, recruit/hire/retain top talent, and make sure there’s enough cash in the bank. Why You’re Going to Hire the Wrong Designer - Tony Wright dot com , September 14, 2010 “We are not UI experts but do know when we see a good design.&#.

Technology 191

Technology Product San Francisco CTO Hire 191

Startup Professionals Musings

APRIL 8, 2015

One more key employee or one more investor will probably not turn the situation around. Every startup should have at least a couple of outside advisors who are not major investors or family members, anxious to talk to new investors and key new hires. Calculate employee stock option values and vesting times, as well as salary.

Technical Review 120

Technical Review Due Diligence Sweat Equity Burn Rate 120

The Startup Magazine

AUGUST 9, 2022

Being faced with the same issues as Zumba a couple of years earlier, either you spend tons of money for major artists or you’re left with commonplace stock tracks, we realized a middle ground was needed. At the same time, brands and agencies struggled to find great music. That’s when SoStereo really came to life. Quality control?

Cofounder 158

Cofounder Founder Miami Marketing 158

Up and Running

SEPTEMBER 10, 2014

Stock Option. If you are more of a technical person and not a business leader by nature, make sure your investor knows that you intend to hire a CEO to take your place as soon as reasonably possible. Management Resumes and Organizational Chart. Customer References. Personal References. Social Security Numbers (for background checks).

Angel Investor 159

Angel Investor Technical Review Software Review Accredited Investor 159

Both Sides of the Table

MAY 2, 2015

For a well-funded seed company I have controversially recommended hiring a great office manager that doubles as an administrative assistant. This happens because many CEOs are passionate, market-driven people who are constantly trying to launch new products, win contracts, get press, hire staff and woo VCs. HR & Legal.

Operations 150

Operations Metrics Early Stage Non-Compete 150

The Next Web

OCTOBER 10, 2013

Hire everyone you need as an employee. We split our stock one-fifth each. The required number of cofounders for success is: “Zero” – You don’t need a cofounder. You are the founder, the visionary, the uber-entrepreneur. Why would you want to have someone second-guessing you? One” – You have to have a cofounder.

Cofounder 143

Cofounder Technical Cofounder Kenya Dilution 143

The Startup Magazine

JANUARY 17, 2021

Every business set their goals and objectives which help employees to prioritize their task and stay motivated. EMPLOYEE NET PROMOTER SCORE . Employers use this metric to measure their employees’ loyalty. Employers use this metric to measure their employees’ loyalty. MET AND DELAYED MILESTONES.

.Net 124

.Net Metrics Retention Revenue 124

ConversionXL

OCTOBER 18, 2018

The result of these vulnerabilities is that we hire the wrong candidates, listen to the wrong people, and fail to differentiate our businesses. How false expertise leads us to hire the wrong people. In short, we seek to validate our own characteristics: Hiring someone who’s like us reinforces our own value. Reduce the noise.

Technical Review 188

Technical Review Montana Differentiation Hiring 188

YoungUpstarts

MARCH 1, 2018

But I am saying it’s time to get yourself (or an enthusiastic employee) a voice-enabled device and start paying attention to how companies are using it. Do you not have (or want to hire) a team of creatives to make your content and your marketing stand out? Keep your inventory stocked. Or even a “micro-influencer”. Back to you.

Small Business 187

Small Business Marketing Technical Review Social Media 187

YoungUpstarts

AUGUST 26, 2014

One bad employee in a big company will probably not influence the well-designed mechanism in any way, but in a small start-up this effect can be devastating. Searching for the right employee can be as difficult as finding the perfect partner. There are, however, some useful tips to follow when hiring staff members: 1.

Hiring 193

Hiring Employee Social Media Salary 193

Startup Professionals Musings

APRIL 10, 2016

One more key employee or one more investor will probably not turn the situation around. Every startup should have at least a couple of outside advisors who are not major investors or family members, anxious to talk to new investors and key new hires. Calculate employee stock option values and vesting times, as well as salary.

Sweat Equity 120

Sweat Equity Burn Rate Technical Review Intellectual Property 120

Startup Professionals Musings

MARCH 21, 2016

The most effective and productive team members are positive, driven and want to be measured by results rather than hear work hours, perks or stock options. Attracting, evaluation and hiring direct reports is a task that should never be delegated. Motivation and commitment to results. Personal character and chemistry.

Technical Review 120

Technical Review Stock Options Salary Hiring 120

Up and Running

JANUARY 4, 2017

Employee taxes. Hiring the right employees. This is why it’s important to find employees with potential. See Also: How to Hire Your First Employee. Approach them as you would an investor—what can this possibly over-qualified potential employee gain from joining your team? Travel expenses.

Small Business 122

Small Business Social Media Stock Options Employee 122