important to clearly defined guiding principles and policies up front
This will prevent sales representative from selling out of line and clashing with the Ops team leading to all round frustration.
Fund raising
can raise money from angels before there is even a product and distribution
Jason Calacanis invest in people who he feels are winners
Frame the opportunity and let investors fill in the details with their own models
Investors
Really open doors to help with follow on funding rounds
Brad slowly stepping away from USV to pursue his investment thesis in the crypto-currency space
SiliconValley Banks has established fund for investment purposes
Building
figure out what your super power is and quadruple down on it
always focus your time on the highest leverage activity
hire people to fill the positions and eventually replace yourself
practice discipline do not step across boundaries and get in the way of specialist. Focus on framing the problem and let the specialist define the solution
Use Slack – setup process to ensure information about sales process is disseminated to engineering team as well
On exiting
important to grow your personal network so that you can tap on it for key resources
seek out other operators within the space seeking to bolt on to their business model
company making 20K to pay their staff sufficient wage to continue working on the project
eventually find a new home of the team by selling off the company
figure out the key strengths of the CEO you hired and structure operations around them.
