Here are some resources that entrepreneurs may find useful.

1.  Founders and Co-Founders

Founders' Memo - Relationship Among Founders. This general memo is designed to educate the "team" of Founders as they work out the relationships among themselves.  It should be considered by anyone who is thinking of starting a new venture.

"Making Cofounding Less Confounding!"
Mindy Garber's checklist. Handout for Negotiation Skills Session.

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This is a collection of reprints from the monthly "Starting Up" column in the Boston Business Journal which address topics of recurring interest to persons who are starting and growing new ventures.  Also included are some interesting resources from other sources.

 
BOARD OF DIRECTORS AND ADVISORS
 
"Outside Directors - Do You Need Them and Where to Find Them"
The legal requirement for a Board of Directors

"Don't Bore the Board of Directors - (How To Use A Board Effectively)"
Some practical tips on getting the most from your Board of Directors

"A Little Advice on Advising: Three Models of Success Will Help"
Describes how to get, compensate and effectively use outside advisers to your venture.

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EMPLOYMENT/EMPLOYEES

 
"Seven Characteristics of Highly Effective Entrepreneurial Employees"
How to Identify "Right Stuff" employees

"Employment Pitfalls Part 1"
Legal issues in employing and retaining your most valuable assets: independent contractors, offer letters, non-competition agreements.

"Employment Pitfalls Part 2"
Government contracts, overtime, immigration law, employee handbooks

"Do You Still Have the Right People (In the Right Job)?"
Will the people who started with you make it to the IPO?

"How Much Does An Employee Cost?"
The "non-direct salary" cost components- some metrics on figuring the cost of feeding and caring for employees

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LEGAL FORMS OF DOING BUSINESS

 
"Subchapter S: Some Myths, Realities and Practical Considerations"
What is a Subchapter S Corporation and why/when should you use it?

"Is An LLC For Me?"
What is a Limited Liability Company and is it appropriate for a technology growth company?

Here are some resources for forming a LLC:

• Simplifyllc.com
• Forbes Advisor
• Upcounsel.com

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STOCK AND EQUITY

 
"Thinking About Valuation"
Pre-Money and Post-Money Valuation; Some techniques for valuing a venture

"Dilution – Here Is A Primer of Stock Vocabulary"
A primer on stock vocabulary relating to dilution

"Take Stock When Using Stock in Trade"
Covers basic terminology and concepts about stock and about equity compensation of employees.

"Using Stock in Trade for Services- Part 2: Stock and Options"
Some considerations in using stock and options

"Employees' Stock Reward- How Much Stock Do They Deserve?"
What is appropriate stock compensation for employees?

"Steer Clear of the Tempest: A Start-Up Tragedy in Three Acts"
This column discusses the importance of securities laws and how one company's failure to comply with these laws may have caused the company to fail itself

"WHIPLASH- (The Pitfalls of Acceleration)"
Should stock and option vesting accelerate when a company is acquired or goes public?

"Valuation - What Is My Company Really Worth?"
Presentation Slides from MIT Enterprise Forum Satellite Broadcast on Valuation.

"Slicing Pie Method"
Slicing Pie describes itself as "a universal, one-size-fits all model that creates a perfectly fair equity split in an early-stage, bootstrapped start-up company". It is not a typical approach but raises some interesting ideas. See Video of Presentation at International Startup Festival in Montreal.

"Founder Equity Allocation and Dilution Workbook"
Excel workbook from Charlie Tillett.

Using Stock and Options as Compensation
Video by Joe Hadzima.

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FINANCING - VENTURE CAPITAL

 
"All Financing Sources Are Not Equal"
There are differences among financing sources- pick the one that ís right for you.

"A Beginner's Guide to Venture Capital"
How is a Venture Capital Fund Structured? How Are VCs Compensated? What Do These Things Mean To You? Download presentation

"What Are the Terms? - Part 1: A Preferred Return"
First of a three part series on the terms of venture capital financings

"What Are the Terms?- Part 2: Investors Need Some Control After Their Checks Are Cashed"

"What Are the Terms?- Part 3: Run Don’t Walk To The Exit"

"Venture Capital Deal Terms"
Download Presentation Slides from MIT Enterprise Forum Satellite Broadcast on Structuring Deals.

"Sample First Round Venture Capital Termsheet"
This is a sample termsheet from a venture capital firm for a first round (Series A Convertible Preferred) deal.

"Model Legal Documents - National Venture Capital Association"
According to NVCA "The NVCA Model Legal Documents serve as the industry-embraced model documents to be used in venture capital financings."

"Techstars Venture Deals Course"
The Venture Deals course is based on the book Venture Deals, written by Brad Feld and Jason Mendelson, and was created with the goal of eliminating the massive information asymmetry between the entrepreneur and investor.

"I'm a VC"
What Do VCs Do?    Here is a Fun Spoof by the Foundry Group.

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GENERAL ADVICE TO ENTREPRENEURS
 
"Success Is No Day At The Beach"
Take some time to think about your personal goals- you can't figure out how to get somewhere in your business if you don’t know where you want to go

"The Foundation of Success- Build Value Every Step Along The Way"
Plan your work and work your plan to achieve specific goals which enhance the value of your company.

"The Business Plan"
Lessons from the M.I.T. $100K Nuts and Bolts of New Ventures Seminar Series

"Pinpointing That Critical Entrepreneural Spark"
What makes a successful entrepreneur?

"Paying the Founding Piper: It's Not As Simple As Writing A Check"
How can you get paid (other than in stock) for your "sweat"

"Ten Commandments Of How To Work Effectively With Lawyers"
Practical tips about how to use your lawyers effectively

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"The Start-Up Starter Kit: How to Avoid Failing in the Crucial First Two Years"
A book by Bob Jones - "Several entrepreneurs describe how difficult this life can be and why they'd do it again. Learn how certain essential skills will improve your odds of success".

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"High Growth Handbook"
by Elad Gill, a former lead organizer of the MIT $100k and now a Silicon Valley Superangel, packs every useful lesson about building and scaling companies in a single, digestible book.

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"Disciplined Entrepreneurship: 24 Steps to a Successful Startup"
by Bill Aulet. This award winning & bestselling one-stop entrepreneurial book has been used by hundreds of schools globally to help create or make better hundreds of thousands of entrepreneurs.

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INTELLECTUAL PROPERTY
 

Intellectual Property for Entrepreneurs - Video
IP Basics and Strategy for Entrepreneurs
Accompanying Slides

"Questions of Copyright: Another Weapon in Property Arsenal"
Discusses basic concepts of copyright protection.

"The Importance of Patents: It Pays To Know Patent Regulations"
What is a patent, how do you get one and what value are they?

"Of Kleenex and Cheez Whiz: Trademarks Are Nothing To Sneeze At"
Practical tips on trademarks

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"IP in Early Stage Commercial and Investment Success"
Intellectual Asset Management magazine article

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WHAT DO THINGS COST?

"Adding Up All The Costs: How Accounting Services Are Priced"
Why do you need an accountant and what do accounting services cost?

"The Costs of Hunting Heads"
What does it cost to recruit someone?

"How Much Does An Employee Cost?"
Some metrics on figuring the cost of feeding and caring for employees

"Don’t I Know You From Somewhere? The Price Of Fame"
What does public relations cost?

"Putting a Leash on Your Lease"
Basic points to think about in signing a real estate lease for your business

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EXPLAINER VIDEOS BY JOE HADZIMA

Legal Forms of Doing Business in the United States
Partnerships, Corporations, Limited Liability Companies (LLCs)

Capital Structure Basics
The Capital Structure of a company from Secured Debt at the top of the Capital Structure Stack to Common Stock at the bottom.

Using Stock and Options as Compensation
Issues in using stock and options to compensate employees, advisors, Board of Directors, consultants.

Investing in New Ventures
Convertible Notes, SAFEs, Preferred Stock, and the terms and conditions of these instruments.

Business Models
What is a Business Model? Examples. Value Chains. Business Models and Valuation

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Deal Source Information:
There are a number of places on the web where you can find out about venture capital and private equity funding transactions. Note: some require subscriptions. CBInsights Research, VCExperts, PEHub, The Deal or Pitchbook

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		The Technology Entrepreneur's Guidebook. Provided by PricewaterhouseCoopers LLP
		PricewaterhouseCoopers has provided some Excel spreadsheet templates for financial projections for Business Plans. Use these financial modeling spreadsheets to clearly illustrate your return on investment, profitability and cash-flow milestones, and to integrate your performance goals with your financial goals. If you are a service-based business you'll want to use the "service" model. PWC Financial Model Template PWC Service Financial Model Return to Top