Strategic thought requires thinking “conceptually” as opposed to “sequentially.”  Sequential thinking weighs the pros and cons of each step against its immediate surroundings. Conceptual thinking requires that each step be measured against the larger goal. Perhaps this is best understood with an analogy.  Imagine going on a trip from point “A” to point “B.”

“A term sheet is like a prenuptial agreement and a coach’s playbook. Spend the time to understand the plays, and what happens should you ever separate from the business.”- Mitch Thrower

noun: value in a property, business, etc., that results from the work that a person does to improve it;
also : the work itself”

There are two key factors to consider in order to be great startup advice from outside experts: Pick the right team, and always know what you want before you ask.

Advisory Board compensation is an important consideration. How much is right? Does this change over time? Is there a vesting period?

Many founders don’t consider this one until it’s too late. The excitement and adrenaline of getting started leads to a “kumbaya atmosphere” where all things are equal. This spills over into salaries. Sooner or later, the amount of time, effort and energy expended by the partners is no longer equal, but their salaries are. Tensions begin to rise.

The reality of life when it comes to business partnerships, and what’s at stake if your key man is removed from the company.

What’s ‘critical’ about Critical Path Analysis? The Critical Path is the sequence of steps that determine the minimum time needed for an operation.

Founder contributions are critical to entrepreneurial startups. There are three major contributions that founders provide to startup businesses: Money, Commitment, and Effort

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If you’re not included in an investor’s network and have never met them in person, face it – you’re a cold contact. How can you prevent your pitch from being condemned to the trash? Review this guideline before you email investors.