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How Much Information Should you Give VCs for Due Diligence?

Both Sides of the Table

When is it appropriate for a VC to call your customers? If you show a list of key customers or key business partners and if this list is sensitive (READ: If you don’t want VCs calling them) then you need to make it explicit with the VCs. “We are sharing with you our list of key customers / biz dev partners.

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Why Your Startup Doesn’t Need a COO

Both Sides of the Table

Many times they also pick up product and tech, too. Often times you find the CEO who really just likes to do product or tech. Similarly I talk to CEOs who can’t do a sales pipeline review with me. I once did due diligence on a potential investment where the CEO was projecting $9 million in sales for his next 12 months.

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People Management: Startup Teams Should Dip but not Skip

Both Sides of the Table

I never built a Google-sized business but I did build an organization from scratch that grew to 120 employees in 5 countries before we sold it. You’ll get sales information from your VP of Sales, marketing information from your VP Marketing, tech information from your CTO and so on. But issues do arise as your company grows.

Startup 308
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7 Key Steps To Getting Top Performance From Your Team

Startup Professionals Musings

For example, according to recent research from Bain & Company , Apple, Netflix, Google, and Dell employees are 40 percent more productive than the average, even though they are no smarter or more experienced. Practice process coaching, but not edicting decisions. Diligently provide follow-up and support on assistance requests.

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How Boards Need to Evolve Over Time

Both Sides of the Table

The functions of an early-stage board are pretty obvious and well understood: Providing introductions to customers, biz dev partners, recruits, the press, other investors, etc. Reviewing financial & operational performance. Offering a sparring-partner function on strategic decisions. Mentorship. As You Start to Mature.

Startup 325
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How Future-Proof is Your Company (and Your Career)?

Startup Professionals Musings

Of course, nobody really knows all of what tomorrow will bring, in terms of globalization, digital technology, or demographic shifts, but most experts agree that certain elements are already obvious, and things must be done today to get your business ready in time. Data technology facilitates more fact-based decisions.

Company 55
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Why Early-Stage VCs Should Be Careful About Intros from Bankers

Both Sides of the Table

I tapped my friends at big tech companies (Salesforce, Google, Oracle). And they have access to some of the most talented technology entrepreneurs so this is a worthy goal for them. We are judging how well you are coached on stage. I like to debate with them how they will land customers and how they deal with the press.

Startup 361