When starting a company it is important to understand how equity will change hands at every round. The valuation of the company is one of a few key terms to negotiate, but to do so effectively you need to also, at least, understand liquidation preferences and employee option pools.
Startups should aim to create monopolies, not to compete or incrementally improve on ideas, but to own markets with products that are 10x better.
The primary advantage of joining a startup is the pace at which you will learn. You may also get rich, but the odds are stacked against you.
Coach High Performing Millenials Millennials have made it to where they are today by ignoring conventional norms so why should they listen to you? If you want to coach high performing millennials then think from their perspective and follow these steps: Regardless of how successful they have been, they are looking for what's next. Most know where they want to go and are trying to figure out how to get there. To date, they also have probably been rewarded for paving their own path against the grain and achieving large creative wins. After three to five years of this type of momentum, they will reach a level where leading with their strengths will not outweigh their weaknesses and their successes don't mask their missteps. They will want to be coached. Build Trust: First, know that they want to see you as a trusted ally. Also, know that high performers will eventually see through any falsehoods so you have to actually want what is best for them.Beware of touting the company line or standing on their shoulders to get ahead. Instead, figure out what is best for them and help them. That includes helping them find their way even if it is not [...]
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BD is all about helping people, aligning both sides to the same objectives, and being in a rhythm of delivering solutions through every stage.