notes on getting a board

mba/ch18.org

@@ -8,3 +8,71 @@
 - [[https://www.udemy.com/course/an-entire-mba-in-1-courseaward-winning-business-school-prof/learn/lecture/4282944#overview][S03:L18 - What is a VC / How to Raise Money / Get a Board of Advisors]]
 
 * Notes
+
+| year | who              |
+|------+------------------|
+|  1-2 | angel investors  |
+|  2-3 | equity investors |
+
+** angel investors
+- people that fund early stage companies
+- about 100k in general
+
+** banks
+- never use them
+- if you miss one payment they will seize everything
+- they are blood suckers
+
+** equity investors
+- high worth individuals
+- venture capitalist firms
+- want equity
+
+** "A" Round
+- first round of venture capital money
+- make sure to present correctly
+
+** most important investment characteristic
+- NOT "good business model"
+- it is MANAGEMENT
+  - business model is irrelevant
+  - management team is the MOST important thing
+
+** how to find out if the team is good
+- have they sold companies in the past
+- their employees like them
+  - glassdoor.com and do a search
+  - search linkedin if you can find someone who can vet these guys
+- past performance is VERY indicative of future performance
+- they want to back someone who made a company
+
+** how to get a board of advisors
+- go to linked in and do an advanced search
+- enter the keywords that are relevant
+  - keyword of interest
+  - your university
+  - your current zip code
+- ask for help
+  - send a short message
+    "John hope all is well. I am also from Canada/ also went to NYU/ etc.  Please let me know if you have time for a coffee in the next few weeks. thanks"
+
+*** in meeting
+- first half
+  - get to know them
+    - business is about relationships
+  - talk about what you have in common
+    - city
+    - university
+- final part
+  - thank you for your time
+  - please let me know if I can ever call upon you as an advisor now and then
+  - great, Ill call upon you every now and then thanks
+
+*** follow up
+- meet up every 3 to 6 months
+  - remember something you talked about that was interesting to the person
+  - follow up by sending them a message / email/ etc with something interesting on that topic
+- add value by sending messages
+  - in months ahead every now and then
+  - that help them out with their business
+  - based on something you talked about