Using Advisors to Build Your Company - PowerPoint PPT Presentation

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Title:

Using Advisors to Build Your Company

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Business Week and Inc. Magazine recognition. Panel Participants. Dan ... Champion for your business. Advice. How to Find and Recruit Advisors. Compelling pitch ... – PowerPoint PPT presentation

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Title: Using Advisors to Build Your Company


1
Using Advisors to Build Your Company
  • TAG/ATDC Entrepreneurs

2
ATDC Overview
  • ATDC is a nationally-recognized science and
    technology incubator that helps Georgia
    entrepreneurs launch and build successful
    companies
  • Experienced
  • Opened in 1980
  • Successful
  • Since 2000, 82 success rate
  • 112 Graduate companies
  • Over 1B in Venture funding
  • 31 companies have reached public markets
  • Vibrant
  • 34 member companies in Software, Telecom, Bio,
    Gaming, Semiconductor, etc.
  • Award-winning
  • Business Week and Inc. Magazine recognition

3
Panel Participants
  • Dan Seitam
  • CEO, Intelehealth
  • Andy Monin
  • CEO, Vendormate
  • Marjorie Singley-Hall
  • Managing Partner, Above Board Advisors

4
  • Advice would be more acceptable if it didn't
    always conflict with our plans.

5
Sources of Advice
  • Team
  • Mentors/Coaches
  • Service Providers
  • Board of Directors
  • Board of Advisors

6
Why Use Advisors?
  • Fill a Gap
  • Industry
  • Function
  • Credibility/Validation
  • Connections
  • Champion for your business
  • Advice

7
How to Find and Recruit Advisors
  • Compelling pitch
  • Build slowly
  • Networking
  • Build Relationship
  • Dream Big
  • Committed and Accessible

8
How to Use Advisors
  • Set expectations
  • Meetings/Reading/Mindshare
  • Use meetings wisely
  • Tap the individual skills
  • Regular communication
  • Avoid Director type decisions
  • Listen

9
Compensation and Contracts
  • Shouldnt be the incentive
  • Dont use standard
  • Use stock options amount equal to a cash
    compensation
  • Set annual term limits
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