Module 4: Startup Operations

Module 4 - Learning Objectives

After completing this module, an incoming mentor will be able to:

  • Advise mentees on options for structuring their startup organization.
  • Identify potential partnership issues that can lead to conflicts.
  • Explain the different type of ownership structures and compensation methodologies.
  • Work with mentees to identify potential outsourcing opportunities.
  • Coach mentees on intellectual property (IP) protection challenges and opportunities.
  • Identify common potential startup pitfalls and advise the mentee on how to avoid them.
Lessons
In this lesson, you will learn...
Presenter
Video Run Time
 Advisory Boards
  • Why and When a company should have an advisory board
  • How to recruit Advisory Board Members
  • Compensation for Advisory Board Members
Bernardo Wolfson
Pres. Quaker Oats LATAM, Gatorade Eur, Melitta SA, Retired
VMT Circle Transparent
VMT Certified Mentor
7:25
Identifying Potential Partnership Disputes
  • How to identify potential partnership disputes
  • The VMT Partnership Prospective Survey
  • How to resolve partnership disputes
Bernardo Wolfson
Pres. Quaker Oats LATAM, Gatorade Eur, Melitta SA, Retired
VMT Circle Transparent
VMT Certified Mentor
7:06
50 – 50 Partnerships
  • 50-50 Partnership Sources of Conflict
  • Conflict Mitigation Strategies
  • Mutually Assured Destruction Clauses
Siri Terjesen
Professor & Associate Dean, Florida Atlantic University
VMT Circle Transparent
VMT Certified Mentor
6:33
Operating Principles
  • What are Operating Principles and how are they useful
  • An example of Operating Principles
  • How to create Operating Principles & embed them into company culture.
Hinda Miller
Co-Founder of Champion Jogbra,
Vermont State Senator, Retired
VMT Circle Transparent
VMT Certified Mentor
9:51
Founder’s Stock
  • What is Founders Stock and why it’s important to consider early in the life of a startup
  • How founders’ stock is typically allocated
  • Why founder options are often employed
Nelson Telemaco
CEO, Proximity Works
VMT Circle Transparent
VMT Certified Mentor
9:44
Sweat Equity vs. Cash Compensation
  • Using Stock Options as a replacement for cash compensation
  • Using stock options to incentivize performance
  • Establishing Founder Sweat Equity
Julia Aquino
COO, Xendoo
Online Bookkeeping & Accounting
VMT Circle Transparent
VMT Certified Mentor
7:52
Project Management for Software Development
  • The Software Development Life Cycle
  • Waterfall and Agile methods of project management
  • When to use each of these methods
Frank Barbato
SaaS Software Expert, Author of Avoiding Software Project Pitfalls
VMT Circle Transparent
VMT Certified Mentor
7:00
Outsourcing
  • The advantages and disadvantages of outsourcing
  • How to select the right vendor
  • Critical considerations to ensure a successful relationship
Greg Taffet
Partner, Taffet & Associates,
Past, CIO, US Gas and Electric
VMT Circle Transparent
VMT Certified Mentor
6:29
Outsourcing – Contracts
  • The importance of having a contract when outsourcing
  • Key components of an outsourcing contract
  • The critical role founders play in outsourcing
Greg Taffet
Partner, Taffet & Associates,
Past, CIO, US Gas and Electric
VMT Circle Transparent
VMT Certified Mentor
3:10
IP: Patents, trade secrets, copyrights, trademarks
  • Intellectual Property, Trade Secrets, Patents, Trademarks & Copyrights
  • The exclusive rights of patents
  • Trademark considerations when branding
Michael J. Deluca
Registered Patent Attorney, Engineer, Inventor with 150 Patents
VMT Circle Transparent
VMT Certified Mentor
7:23
Tax Credits
  • What a tax credit is
  • Why tax credits are suitable for startups
  • The wide range of tax credits available to startups
Andy Kaplan
Retired CFO
VMT Circle Transparent
VMT Certified Mentor
4:54
Why Startups Fail
  • Common reasons why startups fail
  • How to understand and avoid these traps
Chris Daniels
SVP Sales, Uniphore,
Serial Entrepreneur
VMT Circle Transparent
VMT Certified Mentor
8:37