This entry was posted on Thursday, November 1st, 2007 at 8:58 pm and is filed under Advisors. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
After we hit a nice little tipping point earlier this year, I realized that I needed to follow the sage advice that almost any business book says is a requirement to succeed: organize a panel of advisors and meet regularly to draw upon their experience in navigating through the regular cycles of a young business.
Our first meeting was yesterday, October 31, and it was a blast. Advisors are important, they opened up our eyes to so many organization methods, process documentation, and branding ideas that it will take us two or three months to catch up with what they gave us!
Here are the characteristics of our Board of Advisors (4 of them):
Two Master Degrees - one in Computer Technology and another in Business Administration. He is building a small office for a dashboard visualization software company and he teaches at a local college. Not only does he have two awesome degrees for our industry and the position we’re in - he has a technological background and a deep understanding of high tech business.
One individual has a degree from the Art Center College of Design in Pasadena. He works with major brands and is extremely successful at taking start up companies to major results with branding by design. He also has a great business mind because his branding business has an office in Rexburg, near our location, and an office in Seattle. They are constantly growing and learning from their growth spurts. We felt this individual was very close to where we are or where we are going and we could use some fresh insight from his experiences in addition to drawing upon his knowledge and expertise with branding/marketing.
A Finance MBA with a Bachelor Degree in Asian Studies make for a very unique, powerful combination in this advisor who has over 10 years of high-tech venture capital and finance experience. If that doesn’t say enough, I don’t know what else to say that would convince you this individual knows what he is doing and what he is talking about.
Finally, last but not least, we introduce our marketing guru - a man with 20+ years of high-tech marketing experience and the education to back it up. He has worked with several top notch tech companies that eventually sold for millions or continue to grow at a very rapid, manageable rate.
We will share the advice we received from them over the next few days.
I have to admit that it feels great to have such a powerful, diverse team that is so gracious and willing to help a young business succeed!
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