Category: Corporate & Tax

One of the biggest challenges for entrepreneurs in early stage companies is how to get more traction, how to drive faster growth. In every case, precise target audiences need to be defined.

Although the many challenges facing startup companies vary by industry and product or service, in my experience representing founders the one constant at the top the list is always the same: FUNDRAISING. The period during which founders can self-fund or “bootstrap” also varies, but sooner or later a decision is made to seek outside funding.

Start-ups need a great idea or business proposition to succeed, but they also need top talent. Attracting talent to an exciting new enterprise is one thing, but convincing the best and brightest to stick around for the long run is another matter entirely. Private companies can provide this in many ways, but two prominent forms are stock options and grants of restricted stock.

The “right” Advisory Board members contribute invaluable guidance and advice and provide access to networks of industry, target audiences and financing resources.