Comments on: Free Advice, Worth Half The Price – Properly Compensating Entrepreneurial AddVisors

By: John Greathouse

John Greathouse — Thu, 19 Jan 2012 19:41:00 +0000

No Rincon’s at Rincon. The name comes from a famous Southern California surf break.

By: Javier Rincón

Javier Rincón — Thu, 19 Jan 2012 18:59:00 +0000

Hi,

Great article. It has given me good insight on how to proceed.

Thanks,

Javier

PS. Is there any Rincon´s in your VC? I say because I my surname is Rincon. Quite amusing curiosity to find that in the US.

By: When Hiring Entrepreneurs, Ignore Their Resumes

When Hiring Entrepreneurs, Ignore Their Resumes — Thu, 27 Oct 2011 21:39:53 +0000

[...] Gather as many of these successful serial entrepreneurs onto your team as possible, as executives, addVisors and Board [...]

By: The Blondin Test Will Ensure Your Stakeholders Truly Believe In Your Startup

The Blondin Test Will Ensure Your Stakeholders Truly Believe In Your Startup — Mon, 19 Sep 2011 18:43:24 +0000

[...] or strategic partner to prove their belief is to accept equity in lieu of cash, as described in Free Advice and Beware The Consultant. With early employees, you might ask them to defer receipt of a portion [...]

By: Quora

Quora — Sat, 27 Aug 2011 17:30:43 +0000

What are the most important attributes of a successful mentor and protégé relationship?…

Ian’s answer is great. I would add that a healthy relationships mentor / protege relationship must be quid pro quo. In the startup world, this should NOT mean that the mentor is paid cash. Run if you encounter a Mentor who is looking for a cash payday…

By: When Does Venture Debt Make Sense For Your Startup?

When Does Venture Debt Make Sense For Your Startup? — Mon, 11 Jul 2011 16:12:21 +0000

[...] the summer of 2006, I joined RedMojo as an Advisor. Consistent with the advice I outline in Free Advice Worth Half The Price, I was paid solely in equity. I also participated in a small convertible debt round. The terms of [...]

By: Entrepreneurs Should Go For The Quick Buck – Then Stop

Entrepreneurs Should Go For The Quick Buck – Then Stop — Wed, 04 May 2011 16:50:45 +0000

[...] a Seed Investor and addVisor, I witnessed firsthand how RightScale’s Founders avoided the structural limitations of a [...]

By: Quora

Quora — Fri, 04 Feb 2011 00:20:18 +0000

What are the elements of successful mentorships?…

Like most relationships, the ingredients are fairly self evident: o mutual trust o shared passion for the venture o quid pro quo – Advisor feels properly compensated (ideally not in cash), Advisee feels they are receiving adequate value o Advisor has r…

By: Quora

Quora — Wed, 12 Jan 2011 04:06:00 +0000

How does one acquire a Startup Mentor in a particular field for your Company?…

Mentors are like lovers, the attraction has to be mutual. In the MouseDriver Chronicles, there is an amusing discussion regarding how the Founders chased a particular guy who they felt would be the perfect Mentor. The only problem was that the would-be…

By: Quora

Quora — Thu, 18 Nov 2010 21:44:48 +0000

How does one become a startup advisor?…

Start by giving your advice freely and without asking for anything in return. If your advice adds value, you will be able to reference the first few companies you worked with and leverage those experiences into future relationships. However, keep in mi…