Here are more frequently asked questions about advisors. See Part 1 for the rest. If you have more questions, email us at ask@venturehacks.com.
Frequently Asked Questions
General (from Part 1)
What do advisors do?
Should I put together a board of advisors?
How do I get good advice?
How do I apply advice?
How do I find advisors?
How can I tell if [...]
Learn more about: Advisors · Angels · Equity · Termination
“Trust, but verify.”
– Ronald Reagan
Summary: Investors trust the entrepreneurs they back. But they verify their expectations with contracts and control. You should do the same—with the same tools investors use: contracts and control.
Why do investors want to control their investments through board seats and protective provisions? Shouldn’t they just give entrepreneurs bags of money and [...]
Learn more about: Board of Directors · Case Studies · Hacks · Negotiation · Protective Provisions · Resources · Termination · Vesting
Don Valentine from Sequoia Capital and Cisco’s founders, Len Bosack and Sandy Lerner, discuss Len and Sandy’s termination in this rare video: (Update: Google took the video down. Thank you universe. There are still some choice quotes below. If anyone has a copy of the video online or a transcript, please email us at nandn@venturehacks.com.)
We [...]
Learn more about: Case Studies · Resources · Termination