Take your time

This posting is a plea to entrepreneurs not to rush taking on investors or board members.  Since in private investing taking on investors usually involves taking on board members as well, both should be done with care -- getting rid of a board member can be nearly as impossible as getting rid of a ornery shareholder (yes they do exist).  And when they are one in the same....you can imagine the nightmare.

What does it say about an investor who gives you a check after your first meeting? Probably says the same thing as it would say about a person who agreed to marry you after the first date. Indeed, as Hugh Cullman of Silicon Alley Venture Partners has stated so well in many presentations on venture investing, getting married and getting funding are very similar. His speech is far more amusing than my recap here, but the point remains -- an investor who is planning to add value will take their time in looking at your company.  From my experience, it is 8-12 weeks sometimes more, rarely less before an investment passes all the due diligence, deal terms are worked out and the investor(s) and entrepreneurs have clarified how they will work together post-closing. While the investor (s) are doing this process, it is an ideal time for the entrepreneur to get to know them as well.

The most simple and logical form for the working relationship is the investor takes a board seat. Of course, if there are a number of investors involved, as there usually are in venture investing, then there is a choice of board member. The one who did most of the due diligence digging and/or hard ball negotiating  -- the lead investor -- is usually the one that pops into mind for the board seat. However, it could be that they are a deal addict and will focus their time and attention on the next deals and not on "dull" board meetings. Too often, an entrepreneur takes a passive role and the investor that squeaks the most  gets a board seat.  Such a board could end up full of strutting peacocks. Ask yourself, does this investor have the time, motivation, mentality and experience for a board role? If you're not sure of the answer, open the discussion and agree to a process for how the board can replace an investor representative if, for example, they fail to attend a number of board meetings or have a conflict of interest. 

Remember, you're in it together for the long haul, so take your time.

Comments

[Ngaadla]

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[galiger23]

Oh Just get this girl that you need so much here

http://adultfriendfinder.com/go/g871743

ThanK you

[Tipreekordine]

adultfriendfind is alright, i know these two companys are at war with the dating niche. : At http://online4love.com - dating,
we will see how comes out at the end

[katie oneil]

http://www.online4love.com is the primary way my husband and I meet likeminded "friends with benefits." There's no uncomfortable wondering if you ought to approach someone, you already know upfront when you meet them, and it is definitely worth the extra cost of becoming silver/gold imo, so you can exchange notes or pics before meeting and make sure its a good fit.

My hubby is str8 and I am bi and we have had no problem finding partners on online4love.com. We've had fun sex with lots of single men, single women and full swap couples that we met on O4L. And yes, I'm real, and no, I don't work for O4L or think they're perfect (they can be pricey and they goober up email sometimes,) but I think they're the best thing going by far for meeting other people who just want to have sex without strings!

For those complaining about the cost—ok, I agree, but I think you get what you pay for. I pretty much don't write people unless I can see what they look like and all, not because I'm shallow or a snob but because I want to know THEY'RE for real too and don't trust blank profiles...can you blame me? Also, it can be risky to contact people to swing with! Are they my boss? My brother? Twice my age? You get my drift. I’d like to know who I’m initiating a conversation with! The extra cost put into a good profile helps narrow down those you want to meet. How long do you pause on a profile that does not show a picture? (Faces can always be “smudged” until you know each other better to avoid embarrassing compromises.) And, although we are admittedly "just after recreational sex", part of having fun is that we have to LIKE our bedpartners too, so we look for things like a sense of humor and easygoing fun nature and a “click”. (And more expensive memberships include more matching criteria and stuff, too to help the odds of getting that “click” without too much searching.) So I guess I'm saying that if you don't cough up the extra cash for a full membership, don't expect overwhelming responses. There are lots of people who post their pictures and info, so when looking for people it's easy to breeze by the ones that don't. We may miss out on meeting some great people because of it...but we meet lots of great people too.

I agree there’s a high ratio of men to women, but I don’t know why that surprises anyone. Seems expected to me—although many women love sex, there do seem to be a lot more guys that are ok with swinging or casual sex than girls, for whatever reasons, and that’s not specific to O4L.

I definitely vote that it is worth the time and the money! We've had many a fun night of frolic thanks to connections we made on O4L. :)

[Hamed Elbarki]

Great article, thanks much for sharing.

[anjellika18]

The divorce had been done under the veil of secrecy, according to Russian media, in February. The marrige will take place in St Petersburg on June 15, at the palace Konstantinovo.
Alina Kabaeva is 25 years old, Russian gymnast who has had major success on the international stage including Olympic gold in Athens.
She is considered one of the most beautiful Russian woman, and in 2007 entered the Russian Parliament as a member of the "United Russia" party.
According to sources, Putin and Kabaeva are more 'than friends' since 2000. Putin (56) has two daughters with Ljudmila, 23 years old Marja and 21 years old Katerina.
True or not, everything will be confirmed very soon, though is likely that Putin will follow in Sarkozy's footsteps.

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[BluhMuptpoorp]

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