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Portland Ten- Team Management

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Portland Ten- Team Management

  1. 1. Team Management<br />
  2. 2. Intro: Portland Ten<br />Entrepreneur development organization with the mission to get 10 Portland companies to $1MM within 18 months.<br />30 alumni, 5 cycles of 2 bootcamps (Portland Ten, Six Week Sprint), 25 Community Partners & Sponsors , 5 advisors, 5 staff, 10 volunteers, started Feb 2009.<br />Profile client: ShopIgniter, $3MM of venture capital within 6 months of graduating, exceeded $1MM+ in revenue within 12 months. <br />Partners with PDC, NedSpace, OEN, Voyager Capital, Willamette University, Mercy Corps NW, Perkins & Company, Davis, Wright Tremaine, Silicon Valley Bank, Startup Weekend, Civic Apps, FundingUniverse, and many more.<br />Grant by Portland Development Commission: $35,000, May 2010. <br />
  3. 3. Intro: Today’s Meeting<br />Team Management<br />Overview basic team architecture<br />Gauge gaps on your team<br />Review some simple team management tactics<br />Construct simple org chart, basic roles/resp, compensation, team management structure<br />
  4. 4. The Ideal Team<br />Board/Advisors<br />Management Team<br />Staff<br />
  5. 5. The Ideal Team<br />Money/Rolodex<br />Industry<br />Strategy/Experience<br />VP Biz DEv<br />Product<br />CEO<br />Sales/Mktg<br />Developers<br />Ops<br /> Service Prov.<br />
  6. 6. Where Are The Gaps on Your Team?<br />Money/Rolodex<br />Industry<br />Strategy/Experience<br />VP Biz DEv<br />Product<br />CEO<br />Sales/Mktg<br />Developers<br />Ops<br /> Service Prov.<br />
  7. 7. Roles<br />Advisory<br />Management<br />Employees/Staff/Contract<br />
  8. 8. Advisors<br />Experience<br />Perspective<br />Accountability<br />CEO support/advising<br />Financial accountability<br />Connections<br />Funding/Fundraising<br />Strategic direction<br />
  9. 9. Management Team<br />C-level, “architect”-talent talent in Exec/Biz Dev, Product, Sales/Marketing, Ops, Finance<br />Heavyweight contributors<br />Management experience, industry connections<br />Able to build a process from the ground floor, hire additional employees, make improvements<br />Founder/Founding employee status<br />Equity compensation<br />Co-decision makers, rapport, share control<br />
  10. 10. Employees/Staff/Contractors<br />Employee, “programmer/hacker”-talent in Sales, Marketing, Product, Operations<br />Mid-weight contributors<br />Able to be managed<br />Some experience, but not expert or highly connected<br />Able to withstand startup environment, manage risk<br />Able to follow an already existing process or make small improvements to an existing one<br />Employee/contractor status<br />Cash compensation, standardized schedule/role<br />Non-decision maker, maintain good employee habits<br />
  11. 11. Checking In<br />Questions/comments so far?<br />
  12. 12. Some Team Mgmt Tactics<br />Clarify roles via verbal conversation & written documentation<br />Identify team needs/wants & meet them consistently<br />Establish clear schedules, compensation structure & pay dates<br />Have a regularly scheduled team meeting/update<br />Add to the team’s “morale bank” regularly– team parties, 1-on-1 meetings, perks & fun<br />Meet 1/x month or 1/x quarter w/ advisors<br />Always take the hit first, and address team issues privately & specifically when needed<br />
  13. 13. Task: Org Chart<br />Construct simple org chart:<br />Basic roles/resp<br />Compensation<br />Team management structure<br />
  14. 14. Next Steps: Org Chart<br />What are the next 5-10 action items to make your team more secure?<br />1.<br />2.<br />3.<br />4.<br />5.<br />
  15. 15. Recap<br />Team Management<br />Overviewed basic team architecture<br />Gauge gaps on your team<br />Review some simple team management tactics<br />Construct simple org chart, basic roles/resp, compensation, team management structure<br />
  16. 16. Questions?<br />
  17. 17. Carolynn Duncan<br />Director, Portland Ten<br />cduncan@portlandten.com<br />www.portlandten.com<br />503.707.7763<br />

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