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Are your board members as valuable as you?

Berkonomics

While the CEO and management offer the vision, strategies, and tactics as well as the proposed budget, it is the board that controls with its votes the execution of strategy, the expenditure of cash, the taking on of debt or new equity, the very direction of the company as well as its ultimate health. Then who is most important?

Equity 156
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Equity Investment Platform Preparation Best Practices

Startup Professionals Musings

If you are one of the thousands of entrepreneurs who need equity funding to get your startup going (no loans to repay), you are probably overwhelmed at the prospect of finding, contacting and pitching to the huge number of qualified angels and investment groups around the country. File a provisional patent or other intellectual property.

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Ghost appears with new funding, marketplace to match buyers with unsold products

TechCrunch LA

Twenty years ago, if you started a brand, your first hire, outside of a designer, would have been a salesperson,” Murthy told TechCrunch. Ghost itself closed on a Series A equity round of $13 million, along with $7 million in debt, in June. The equity will go toward hiring more talent to join Ghost’s 25-person team.

Product 191
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Extending your Runway!

Berkonomics

There is a fine line between loading the company with too much debt and diluting the shareholders too early with additional equity investments. That board member should be actively involved in questioning the positioning, marketing and even the design of the product to avoid just such a disaster.

Resource 156
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Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

It’s not that they’re particularly negative but the fact is that supporting roles at investment firms are designed to show the partners the risks in deals and the “upside case” always requires huge assumptions to be believed. There is nothing you can provide in a data room that you couldn’t send via email. Wait, there’s more!

Funding 336
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Finding a Technical Cofounder for Your Startup

SoCal CTO

I've recently received several emails from people looking for a technical cofounder for their startup. Here's an example of that kind of email. Here are a few perspectives on the topic of finding technical cofounders: In Building a sweat equity team , Joel on Software tells us: You simply need to network. Go to user groups.

CTO Hire 211
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Extending Your Runway

Berkonomics

Email readers, continue here.] Money: A board of directors is primarily responsible for oversight in the use of and the raising of money for the company. loading the company with too much debt, and diluting the shareholders too early with additional equity investments. Extending the Runway book available at www.berkus.com.

Resource 237