I’ve had a few questions recently from folks who have received first round financing term sheets in which the proposed board makeup seems over the top, from my perspective. Here is a composite (sorry, “mashup”) of the kind of first round term sheet language for Board participation I recently heard from different founders:
One CEO [...]
It’s time to take up that new year’s resolution to post more often and crank out my q1 post.
There’s been some discussion in the tech blogosphere about startups and their need to have a clear business model, and some confusion from entrepreneurs about why it’s ok for some businesses not to have known business models [...]
A wizard follower (I call them followers now; this is how one builds one’s own cult) writes to ask: We’re growing the business from four people to twenty, and in our current structure, everybody reports to me. That’s obviously untenable long-term. What’s the best way to grow organizationally so that the company is structurally prepared [...]
The common wristwatch has become so much more than simply information time devices, as they are carried around with us practically everywhere that we go and at times run our lives as well. The majority of us own at a minimum two watches, first since they’re affordable (some start with a price as low as [...]
