Incubes presentation advisory boards 2012 07 04

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This is a presentation given at [IN]cubes [In]tensive Day 2 today to a number of promising start-up companies with internet based businesses.

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Incubes presentation advisory boards 2012 07 04

  1. 1. Creating a Advisory Board The Who’s, When’s, Why’s & How’s
  2. 2. Agenda• Meet & Greet• Introductions• 90 Second Company Elevator Pitch• Discussion on Advisory Boards• Q&A• Future Topics
  3. 3. Who Don’t You Want• Your Drinking Buddy• Your Cell Mate• Your ex• Probably your mother• Your rich cousin• Person with the same mindset or a yes person
  4. 4. Who• Reach outside your comfort zone• Create a influential team of OCI’s• Industry Vertical Experience• Previous Start-up Experience• People with large contact lists or Rolodex• Members with Legal, Finance and M&A• Customer Advisory Board
  5. 5. Effective Member’s Characteristics• Vision and future focus• Comfort with risk• Strategic thinking for innovation• Understanding of technology• The ability to understand the business side of Board Governance by taking a holistic view
  6. 6. When• When you feel to have a validated business model• When you would like to fill in skill gaps• Early in the process and before you go for outside financing• To walk the walk of a structured company• A early proxy for a BOD
  7. 7. Why• Your ahead of the curve when you invite professional investment• To fill skill gaps• To create a team of mentors• Inexpensive way to acquire expertise• Members don’t have liability of BOD• It gives investors confidence in your coach ability
  8. 8. How• Create a skills Matrix• Recruit through professional associations or industry groups• Choose the right people• Get a time commitment up front• Nurture the Board Relationships• Don’t forget the compensation.
  9. 9. Future Topics1. Bootstrapping a Company & Exec Summary2. Forming an Advisory Board3. Preparing a Pitch for Investors4. Accessing Capital from a Angel Network5. Terms to expect from an Investors Term Sheet6. Pros of Cons of accessing Venture Capital too early & some of the pitfalls to avoid
  10. 10. Gerard Buckley, BBA, FICB, ICD.DPresident and CEOJaguar Capital Inc.(C) 416-884-9522(W) 416-646-6789g.buckley@jaguarcapital.cawww.jaguarcapital.ca@gerardbuckley@jaguarcapital

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