Hiring at a Startup? Know Thy Weaknesses

Mark Suster 

Your company of 10 people doesn’t need 5 that are like you.  You don’t necessarily have to have a ying and yang co-founder.  But if not in your co-founder make sure that you think through all of the functional roles in your company: sales, marketing, finance, product management, customer support, technology and think about which ones match your strengths and where you need to plug holes.

 



Filed Under:
Collection: Team
Category: Founders

Startup Founders Should Flip Burgers

Mark Suster 

When you’re an early-stage startup that hasn’t raised any institutional money you end up doing almost every job function of the company yourself.  But some companies have entrepreneurs that seem talented on paper, are in a space that seems interesting to investors and are able to raise venture capital early in the company’s existence.  This can often happen when there is a good product built but no real customer adoption yet.  This is what happened to me.

 



Filed Under:
Collection: Team
Category: Founders

First Round Funding Terms and Founder Vesting

Mark Suster 

I’m putting millions of dollars in your company.  My thesis is YOU.   I need some protection that you’re not fully or mostly vested where you could simply walk away with a large stake in the company, screwing not just me but the entire employee base of the company. 

 



Filed Under:
Collection: Team
Category: Founders

Founders, Ownership and Prenuptials

Mark Suster 

Best case scenario in my mind is just 1, but at most I recommend 2. I knew this topic would be controversial because when I tell people this in person it always elicits shock.   To be clear – it is not about being stingy with or hoarding equity – it is about having a prenuptial agreement.

 



Filed Under:
Collection: Team
Category: Founders