SoCal CTO
SEPTEMBER 27, 2011
For your first key hires, three, five, maybe as much as ten, you will probably not be able to use any kind of formula. For example, suppose you're just two founders and you want to hire an additional hacker who's so good you feel he'll increase the average outcome of the whole company by 20%. n = (1.2 - 1)/1.2 =.167. and we have 11.1%
socalTECH
FEBRUARY 17, 2017
He eventually founded and sold consumer health firm ViSalus to a public company and is now back making investments, in technology companies, as a venture capitalist here at Los Angeles-based HashtagOne (www.hashtagone.com). I'm a bit of an anti-VC, as you know. So, I've been hiring people and creating an organization around that.
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Startup Professionals Musings
MAY 1, 2023
Level of responsibility and time allocated. Cofounders only able to work part-time, with responsibility and major income sources elsewhere, don’t carry the same risk as others with more operational responsibility. A friend or family investor thus might get 20% of the equity, even with no business activity contribution.
Both Sides of the Table
OCTOBER 15, 2014
Much has been written about when it is time to hire a “professional CEO” to run a startup company and of course that has long been a norm in Silicon Valley when founders find that their inexperience may be a limiting factor in company growth ( know as the Peter Principle ). Onward & upward DataSift. Startup Lessons'
Startup Professionals Musings
AUGUST 9, 2020
Level of responsibility and time allocated. Co-founders only able to work part-time, with responsibility and major income sources elsewhere, don’t carry the same risk as others with more operational responsibility. A friend or family investor thus might get 20% of the equity, even with no business activity contribution.
Both Sides of the Table
JULY 1, 2010
As your organization grows and you hire senior staff where you are no longer managing every employee directly the issue of how to manage people that are not your “direct&# reports arises. This applies to both founders and to VC’s that work with them. I see two common mistakes in companies (not just in startups, in fact).
Both Sides of the Table
MAY 27, 2013
By spending more time educating your board on your business you get more valuable advice from them. Your goal should be to turn your VCs into extended members of your team to get real value from them. In his spare time he raised nearly $30 million. Ask your VC to send a critical email to a contact. Rob does it.
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