Venture51: Agile Advisory Deck

VENTURE51 IS A SEED & EARLY-STAGE FUND BUILT FORENTREPRENEURS BYENTREPRENEURS. the agile advisory deck

CHALLENGES WITH BOARDSAT THE SEED & EARLY-STAGE•Top-down tyrannical approach•Not “Agile” with latent feedback loops•Lack strategic value•Dysfunctional arrogance•Often “panicky” & too revenue focused•Often about past progress and not future minded•Not aligned with entrepreneurial realities *Note: For this presentation we define seed and/or early-stage as a pre Series A company. Once a company has matured to a Series A (in terms of financing) a traditional Board structure make more sense.

THE NEW DEMANDS OF LEAN& AGILE STARTUPS•“Agile” and “real-time feedback loops Strategic•Bottom-up and accountable Value Done it•Strategic to the business Before•Educated to enable decisions Accountable Investor•Focused on customers (not revenue) Rqmts•Ask, “What do we need to do next?”•Been in the entrepreneurs shoes Agile Focused on Customer Dev

GIVE THE FOUNDERS Very important, but not top of mindWHAT THEY WANT Capital Value Creation Alignment Founder mitigation Time Strategic input On-going conversations Customer development Mentorships Product expertise Accountability Go-to-market Growth vs. Exit Partnerships Revenue modeling Legal & admin

ALIGNMENT & TRANSPARENCYYEILD VALUE CREATION + = Value Creation Alignment Transparency Founder mitigation Time Access to founders Strategic input On-going conversations Access to challenges Customer development Mentorships Access to real-time information Product expertise Accountability Access to the business Go-to-market Growth vs. Exit Partnerships Revenue modeling Legal & admin

ADVISORS ARE BEST POSITIONEDFOR ALIGNMENT & VALUE •Non-board binding relationship •Advisors are mentors •Advisors have been entrepreneurs •Advisors have invested in entrepreneurs •Advisors know other advisors •Advisors are active •Advisors provide connection •Advisors are available •Advisors help facilitate partnership structures

THE AGE OF THE AGILEADVISORY BOARD Startup & Founders Focuses on: Scheduled Customer Validation & Development Quarterly Meetings Product Development User Experience Capital Formation Founder collaboration Partnership & Distribution Agile Feedback Legal Loops (1:1) Agile Feedback Loops (Group)Agile Advisory Board Focused on: Founder mitigation Agile Status Strategic input Loops (1:1) Customer development Product expertise Go-to-market Agile Status Partnerships Loops (Group) Revenue modeling Venture51 & Logged Legal & admin

THE DNA OF A VALUE Domain ExpertiseADDED ADVISOR Industry and domain expertise in: Startup Leadership Product Development Networked Marketing & Bizdev Know the right people for: Partnerships Distribution Generous Venture Willing to commit time to M&A entrepreneurs in order to Distribution help them succeed. Advisors Accountable They like to get their hands dirty and strategically execute in the startup. Know How to Make Money They have successfully help build a company, sold a company or multiple companies Startup Burn Have felt the pressure as an entrepreneur and help others learn to thrive in it.

AN EXTENDEDOFFERING iOS, Android, PHP, Python, Windows, BB Ruby, Java, Dot Net, CS5 UX Designers Extended Agile Advisor Network Lean Customer Extended Dev, Dev & Marketing UX & Marketing Resources Resources Agile Advisor Network Portfolioventure51 Company Handpicked Advisory Board

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Venture51: Agile Advisory Deck

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