Comments on: Advisory Capital https://ceobootcamp.com/advisory-capital/ Transform your Company in just 2 Hours a Week Sat, 04 Mar 2006 22:23:46 +0000 hourly 1 https://wordpress.org/?v=6.8.1 By: John Seiffer https://ceobootcamp.com/advisory-capital/#comment-26 Sat, 04 Mar 2006 22:23:46 +0000 http://thesmallbusinesscoach.com/blog/2006/03/03/advisory-capital/#comment-26 A sounding board is nice. But without the right context many opinions from many different people can become noise. In my experience one context where that doesn’t happen are in a coaching situation – where someone is familiar with your goals, your style and your history. They become a sounding board and usually focus on improving your process.

Another context is in a consulting or mentoring situation where someone has expertise about your market, or your business. They then become a sounding board that helps you gain the benefits of their experience.

]]> By: Tim Weiler https://ceobootcamp.com/advisory-capital/#comment-25 Sat, 04 Mar 2006 21:54:16 +0000 http://thesmallbusinesscoach.com/blog/2006/03/03/advisory-capital/#comment-25 It seems I’m always bouncing ideas off of myself.

“Hmmm, should I ask for an email address when users sign up for an account, even though it’s not needed for the product to work?”

“Should I concentrate on targeting small businesses or the average consumer?”

It would be nice to throw these types of questions out to get second opinions. What I really need is a sounding board to help me think through my needs and goals.

]]> By: John Seiffer https://ceobootcamp.com/advisory-capital/#comment-24 Fri, 03 Mar 2006 22:34:54 +0000 http://thesmallbusinesscoach.com/blog/2006/03/03/advisory-capital/#comment-24 Good points – the devil is in the details – but if they can be worked out, I don’t see why it shouldn’t be a workable solution in some situations.

]]> By: Dharmesh Shah https://ceobootcamp.com/advisory-capital/#comment-23 Fri, 03 Mar 2006 21:59:03 +0000 http://thesmallbusinesscoach.com/blog/2006/03/03/advisory-capital/#comment-23 Though this is a good idea (in concept), the execution can get a little tricky sometimes.

Most very early stage startups (who can likely use advice the most) don’t have a structure in place to allocate equity.

An additional challenge is figuring out how to value your time/contribution and value the company (to determine how much equity should be allocated).

One could parallel the concept of an advisory board member (who usually gets about a quarter percent or so), but this seems a little arbitrary.

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