1 / 24

How to Build Effective Management Teams

How to Build Effective Management Teams. Christine Comaford General Partner and Managing Director. Bio. Engineer, entrepreneur, venture catalyst 5x entrepreneur, 2 IPOs, 3 M&A, $100 million raised in last 5 years Venture Catalyst specializing in Enterprise & Internet software

payton
Télécharger la présentation

How to Build Effective Management Teams

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How to Build Effective Management Teams Christine Comaford General Partner and Managing Director Artemis Ventures, LLC 1998

  2. Bio • Engineer, entrepreneur, venture catalyst • 5x entrepreneur, 2 IPOs, 3 M&A, $100 million raised in last 5 years • Venture Catalyst specializing in Enterprise & Internet software • Partner: Kimball Atwood Artemis Ventures, LLC 1998

  3. Did You Know? 6 in 1,000,000 high tech ideas will result in a company that goes public Artemis Ventures, LLC 1998

  4. Did You Know? Founder CEOs own an average of less than 4% of their companies after the IPO Artemis Ventures, LLC 1998

  5. Did You Know? On average, 6 in every 1,000 business plans will be funded Artemis Ventures, LLC 1998

  6. Did You Know? 10% of startups in a given VC portfolio will succeed Artemis Ventures, LLC 1998

  7. Did You Know? The #1 reason a startup’s valuation is cut is an incomplete executive team Artemis Ventures, LLC 1998

  8. The Net-Net • Creating a successful startup is hard • 90% of startups fail • Most entrepreneurs don’t get insanely rich • VCs are increasingly harsh What makes the difference between success and failure? Artemis Ventures, LLC 1998

  9. Unfair Advantage Artemis Ventures, LLC 1998

  10. What it Means • Right market • Right product/service • Right timing • Right info • Right priority • Right connections • Right team Artemis Ventures, LLC 1998

  11. Agenda • Who You Need on Your Team • Building, Supporting, Retaining a Great Team • How to Find Execs and Staff • Your Extended Team Members: Who/How • Q & A Artemis Ventures, LLC 1998

  12. Who You Need • Visionaries (assorted positions) • Leaders(CEO, Managers) • Implementers (Sales, Marketing, Technology) • Infrastructure Builders/Supporters (Operations) Artemis Ventures, LLC 1998

  13. Surprise! • You need all above types NOW • Some slots can be filled with contractors for a while (implementers, infrastructure builders) • A rent-a-controller is better than NO controller... Artemis Ventures, LLC 1998

  14. Building, Supporting, Retaining • Hire top first, let them build their team • Communicate weekly • Remember they are human • Everyone should know their next promotion or 2 • Create, post, endorse values Artemis Ventures, LLC 1998

  15. Create and Post Values • Add Massive Value • Make and Keep Commitments • Take Ownership • Respect One Another • Be Positive - Artemis Ventures Values, version 1.0 Artemis Ventures, LLC 1998

  16. How To Find Team/Screen Fast • Best way = via schmoozing • Online job boards • LIFO helps gauge stress behavior, personality traits • Interview wisely: “The Manager’s Book of Questions” John Kador Artemis Ventures, LLC 1998

  17. How To Find/Screen (cont’d) • Outsource employee management (Trinet VCO, etc) • Know enough about employment law • Remember you are in California • Use extended team to help screen, do stealth reference checks Artemis Ventures, LLC 1998

  18. Your Extended Team • Board of Directors • Investors • Board of Advisors -- must have! Artemis Ventures, LLC 1998

  19. Who To Secure For Extended Team • Investors - this is a whole separate topic!! • Board of Directors - heavyweights in industry, customer, financial area; credibility boosters • Board of Advisors - same as Directors but should be project/area-oriented • Manage your extended team or they’ll manage you!!! Artemis Ventures, LLC 1998

  20. How To Secure Extended Team • Investors - per your capital acquisition strategy • Board Members - lure with amazing plan, compensation based on stage/involvement, pick people who will vote with you • Advisory Board Members - same as Board but pick people you can confide in -- they can’t fire you -- BOD can! Artemis Ventures, LLC 1998

  21. Do You Have These? • Right market • Right product/service • Right timing • Right info • Right priority • Right connections • Right team Artemis Ventures, LLC 1998

  22. The Net-Net • Minimize Risk • Maximize Return • What Are You Doing To Ensure These? Artemis Ventures, LLC 1998

  23. Entrepreneurial Resources • Read “Burn Rate” - Michael Wolff • Read “High Tech Startup” - John Nesheim • Good recruiter: Mike Huskins 415 • Check out www.fastcompany.com/career/index.html, www.vfinance.com, www.startupweb.com • Check www.artemisventures.com resources section -- updates often Artemis Ventures, LLC 1998

  24. Questions? Ask or Email cc@artemisventures.com Christine Comaford General Partner and Managing Director Artemis Ventures, LLC 1998

More Related