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The Founder Institute
“Team and Advisors” January 14, 2014
Johannes Sevket Gözalan
No Animations – No Photos
Just Content
Or: Should we call that “Advisors and Team”?
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Team and Advisors 01-14-14 / JS Gözalan / [email protected]
I
THE TEAM
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Team and Advisors 01-14-14 / JS Gözalan / [email protected]
• Decide Key Functions of your Business
• Decide which ones have to be „in-house“
•
Look to your fellow founders – if alone, write downyour soft and hard skills and match with your
business‘s plan and decide which skills are missing
•Which of those missing can be „bridged“ by thirdparty services until hired (include in financial budget)
I The Team
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Team and Advisors 01-14-14 / JS Gözalan / [email protected]
• Go out and find core-people, whom you know you
can build „The Team“ around
•
Find „soldiers“ not just „generals“ also as Co-Founders
• Be open about your leadership skills
•Are you truly able to build a Team?
• Are you truly able to „run“ a Team?
• Get third party evaluation on your skills!
I The Team (Cont.) 4
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Team and Advisors 01-14-14 / JS Gözalan / [email protected]
• Does scaling your business depend on headcount?
• Find somebody who does recruiting for you on a
„Start-Up scheme“ (low fees, bonus scheme)• Make sure „Recruitment“ is a line in your investment
summary
•Your investors and your Board of Advisors must assistyou in the beginning
I The Team (Cont.)
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IIAdvisors
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Team and Advisors 01-14-14 / JS Gözalan / [email protected]
• Think whom you know who could be an asset other
than „money“!
•
What is your aim?• What could be their motivation?
• Advisors should have different backgrounds, skills,
age and mentality
II Advisors
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Team and Advisors 01-14-14 / JS Gözalan / [email protected]
• Advisors are „friends“ – free consultants and must be
mentors of you and your business NOT investors
•
Have Video Conferencing and once per year face toface
• Get a share-scheme in place
•Hold monthly meetings in the beginning to report onprogress and important subjects – only core team
present and max. one investorII Advisors (Cont.)
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Team and Advisors 01-14-14 / JS Gözalan / [email protected]
• If more than 3 Advisors – elect one Chairman of the
Advisory Board
•
If more than 3 Advisors – elect one Chairman• Advisors are there to „safeguard“ you and your
business
II Advisors (Cont.)
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Team and Advisors 01-14-14 / JS Gözalan / [email protected]
• Provide you with advice at all levels (incl. how to
handle critical situations and your investors)
•
Help to accelerate your business incl. networking• „Master of Strategy“
• Advisors should be able to start your „Board of
Mentors“ which will spread the word!
II Advisors (Cont.)
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Team and Advisors 01-14-14 / JS Gözalan / [email protected]
IIIAnswers not given
ref to your assignment
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Team and Advisors 01-14-14 / JS Gözalan / [email protected]
• How do you identify?
You must have access to potential Advisors (either
known by you, or by your investors) – they are noton display and do not respond to classifieds
• Life is fast so roles always have to change
•
Implement constant monitoring of skills „needed“and skills „at hand“ – at all levels
III Answers not given
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Team and Advisors 01-14-14 / JS Gözalan / [email protected]
• Pitfalls with Co-Founders?
Why is a Co-Founder a Co-Founder in the first place?
Make sure your contractual relationship mirrorsyour roles and your intentions
People might change over time – so will you….
•Is a Team necessary to launch a company?
• Read: „Kopf schlägt Kapital“ by Günter Faltin
III Answers not given (Cont.)
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Team and Advisors 01-14-14 / JS Gözalan / [email protected]
THANK YOU
Johannes Sevket GözalanProfiles: Xing / LinkedIn
Companies:
www.playata.com (Investor / Co-Founder & CEO)
www.gamesgroup.eu (Co-Investor / Co-Founder & CEO)
www.glockenbach.com (Co-Investor & Co-Founder)
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