You are a startup or early stage innovation team. Great!
You’ve identified key missing attributes in your team and you’ve found the right people to join. Even better.
Now, what do you offer them?
If you can’t offer a full salary, then you’ll be offer some equity (or in some cases, no salary – just equity!).
How do you..
- know how much to offer – so that they are motivated
- know when to offer – when they have delivered or proven themselves or do you use claw backs
- decide what you expect for the equity
- build a model to release the equity back if they haven’t delivered.
…and do all this without upset and without distracting you from the day to day business?
It is not easy – and that is why we have built the Equity Team Tool – it provides the innovation or startup leaders a simple rational model to explain how and why equity is being shared and, critically, to show who the original (but now diluted) stakes are actually worth more.
If you would like us to set up the Equity Team Tool model for your startup or innovation team, please get in touch…
Idea Alive will launch its first business accelerator weekend on the 11th November in Manchester.
A business accelerator weekend is designed to create and form fledgling businesses in a matter of two days – with a presentation to follow a couple of days later to handpicked venture capitalists and business angels.
On the 22nd November, Enterprise Freelance Fair will be celebrating National Freelancers Day – a whole day early – in Manchester.
We’ll be debating the benefits and advantages of freelancers and celebrating their work. We’ve also got some fantastic offers for delegates and of course, we’ll be running our tailored networking sessions in which we match freelancers and potential clients / businesses.
Click for more information – Manchester Freelance Job Fair
Join our startup workshop in Manchester on 12th Oct, 5pm
Media Modo is close to agreeing the delivery of a business accelerator for digital and knowledge based startup businesses in the North West of England.
Final location is currently under discussion and the accelerator site is available in beta here – idea alive - business accelerator.
The Idea Alive business accelerator will include important invovations in the concept in that Idea Alive is the first business accelerator that will seek solo entrepreneurs with good ideas – and aims to work with the inventors to build brilliant businesses prior to and during the accelerator programme. We can achieve this by engaging the entrepreneur and executive team tool – eTeamTool.
Lastly, the accelerator programme is part-time – hence, there is no need to give up jobs or freelance incomes in order to attend – and therefore, there is no requirement for very early stage funding.
Media Modo’s ground breaking eTeamTool has been trialed at the Springboard Accelerator programme – based in University of Cambridge’s IdeaSpace incubator.
Neil Lewis said “early stage teams undergo huge amounts of stress and hence the eTeamTool can be used to help those teams resolve their talent issues and provide a structured way forward to grow their talent and business in parallel.”
“The results of the assessment is that all teams shifted their focus into resolving the team issues that were holding them back from achieving their potential. For one company, this meant working better together and seeking the outside perspective of an experienced chairman. For a second company the CEO acknowledge the need for leadership coaching and the third team was able to define the kind of Sales and Marketing Founder/ CEO that they are looking for”.
Too many business investments fail. Whether the decision is for funding, giving up equity, investment of time or resources, we need a better way.
So, how do we make better investment decisions?
Answer, the Executive Team Tool. Coming soon…
If you would like an early taster of this new product, please contact us…
The Brookson Enterprise Freelance Fair will run again on
16th February 2011 in Manchester
31st March 2011 in Cheshire / Daresbury.
More information at the Enterprise Freelance Fair – bringing successful entrepreneurs and talented freelancers together.
