Thursday, October 28, 2010

Find yourself a “sherpa.”

16. Find yourself a “sherpa.”  This is someone who has done it before — raised money, done deals, worked with startups.  Give this person 1 to 2% of your company in exchange for their time.  Rely on them to open doors to future investors.  Use them as a sounding board for corporate development issues.  Don’t do this by committee.  Advisory boards never amount to much.  Find one person, make them your sherpa, and lean on them. 

Posted via email from markjeee.com

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