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Your board should protect you!

Berkonomics

They write in their investment documents that they will occupy a seat on the board for as long as they are invested in the company, thinking of this as a protection for their investment and tool for them to influence growth. All other board functions are secondary. Shareholders such as investors are granted few rights by law.

Class 282
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Need investment capital?

Berkonomics

Preparing for the game… If you have been following our recent insights, you’ll be up to speed knowing that professional investors negotiate tough terms, from provisions of control over asset acquisition, eventual sale of the company, future investments, forced co-sale when others attempt to sell their shares and more.

Invest 296
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On Funding?—?Shots on Goal

Both Sides of the Table

When you first start your career as an investor (or when you first start writing angel checks) your main obsession is “getting into great deals.” the sale of the company for $1 billion. You’re thinking about one bullet at a time. billion When Ring started, even the folks at Shark Tank wouldn’t fund it. Hint: don’t do only 2–3 deals!!

Funding 294
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How To Write An Effective Answer On Quora: Communications 101

InfoChachkie

I write a bit more about how entrepreneurs can protect their ideas here: Spilling The Beans. As described in Buzz Kill , many college-educated professionals tend to write at a level that is uncomfortable for most people (including college graduates) to read. I was shocked that my pedestrian answer was so well received.

Writing 150
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Master of Customer Acquisition, Matt Coffin, On Startups …

Both Sides of the Table

He is very hands-on and helpful – especially for any company looking into customer acquisition. Big thank you to Darius Vasefi , of EyeOnJewels for the write up. o CPM model gave him control over the information in the acquisition cycle so he focused on that. - Here’s a summary of our interview.

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Where is the best source of early stage investment?

Berkonomics

If you have been following our recent insights, you’ll be up to speed knowing that professional investors negotiate tough terms, from provisions of control over asset acquisition, eventual sale of the company, future investments, forced co-sale when others attempt to sell their shares and more.

Invest 243
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Should Startups Care About Profitability?

Both Sides of the Table

The most obvious way to explain this is with sales people. If you hire 6 senior 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 6 months. COGS” represents the amount that each sale costs you.

Startup 227