VENTURE51 IS A SEED & EARLY-
STAGE FUND BUILT FOR
ENTREPRENEURS BY
ENTREPRENEURS.




                    the agile advisory deck
CHALLENGES WITH BOARDS
AT 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 mind
WHAT 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 & TRANSPARENCY
YEILD 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 POSITIONED
FOR 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 AGILE
ADVISORY 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 Expertise
ADDED 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 EXTENDED
OFFERING
                                                                          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




                                                                                                    Portfolio
venture51                                                                                           Company



                               Handpicked Advisory Board
Venture51: Agile Advisory Deck

Venture51: Agile Advisory Deck

  • 1.
    VENTURE51 IS ASEED & EARLY- STAGE FUND BUILT FOR ENTREPRENEURS BY ENTREPRENEURS. the agile advisory deck
  • 2.
    CHALLENGES WITH BOARDS ATTHE 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.
  • 3.
    THE NEW DEMANDSOF 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
  • 4.
    GIVE THE FOUNDERS Very important, but not top of mind WHAT 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
  • 5.
    ALIGNMENT & TRANSPARENCY YEILDVALUE 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
  • 6.
    ADVISORS ARE BESTPOSITIONED FOR 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
  • 7.
    THE AGE OFTHE AGILE ADVISORY 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
  • 8.
    THE DNA OFA VALUE Domain Expertise ADDED 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.
  • 9.
    AN EXTENDED OFFERING 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 Portfolio venture51 Company Handpicked Advisory Board