Pillsbury April 25 Startup Legal and IP Joe DiPasquale
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Transcript of Pillsbury April 25 Startup Legal and IP Joe DiPasquale
8/7/2019 Pillsbury April 25 Startup Legal and IP Joe DiPasquale
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© Copyright 2010 Regroup.com
[email protected](917) 453-4664
Hiring, Firing, and Co-Founders
Joe DiPasquale, Founder/CEO
8/7/2019 Pillsbury April 25 Startup Legal and IP Joe DiPasquale
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8/7/2019 Pillsbury April 25 Startup Legal and IP Joe DiPasquale
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© Copyright 2010 Joe DiPasquale, Founder/CEO
Hiring, Firing, and Co-Founders
3
Ab out Regroup
Email | SMS | Voice | Facebook | Twitter | Your website | SEO
8/7/2019 Pillsbury April 25 Startup Legal and IP Joe DiPasquale
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© Copyright 2010 Joe DiPasquale, Founder/CEO
Hiring, Firing, and Co-Founders
4
F ounders
Employees and Consultants
Board of A
dvisors
Board of Directors
Business Development
Your Team
8/7/2019 Pillsbury April 25 Startup Legal and IP Joe DiPasquale
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© Copyright 2010 Joe DiPasquale, Founder/CEO
Hiring, Firing, and Co-Founders
Key Milestones
Revenue
PR
Biz Dev
Marketing
Funding
Team
TimelineTimeline
Targ et 25SchoolsFa ll
SeriesAJune 1
Comme rcia lLaunchSept 1
Feb M ar Apr May Jun Jul Au g Sep Oct Nov Dec
Product Dev ^ Roadmap
May 7 ^A rcht/ DesignMay 15
^ Dir Eng A pril 15
^ Dev TeamMay 15
Jan2008
^ Beta A ug 1
^ Network andRep agreements A ug 15
^ Student Marketingfor Fall Semester Sept 1
^ Strategyand TargetsJuly 15
^ Close First DealsSept 1
^ PR TargetingFall Semester
Sept 1
^ LaunchSept 1
^ Biz Dev /Marketing
July 15
^ A gencytest campaignsNov 15
Begin socializing ^ investment
Nov 1
Investor Packet ^ for Series B
Jan 1
8/7/2019 Pillsbury April 25 Startup Legal and IP Joe DiPasquale
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8/7/2019 Pillsbury April 25 Startup Legal and IP Joe DiPasquale
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© Copyright 2010 Joe DiPasquale, Founder/CEO
Hiring, Firing, and Co-Founders
A pril 25, 20117
A m I a good founder?
What do you b ring to the ta b le?
Experience in the industry
F unctional skill set
Connections with b usiness development
Personal resources
Resilience
The ³crazy´ factor
8/7/2019 Pillsbury April 25 Startup Legal and IP Joe DiPasquale
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© Copyright 2010 Joe DiPasquale, Founder/CEO
Hiring, Firing, and Co-Founders
A pril 25, 20118
What makes a good team mem b er?
Capa b leCan they do the jo b ?Makes your jo b go well
NiceA re they a fit?Makes your day go well
8/7/2019 Pillsbury April 25 Startup Legal and IP Joe DiPasquale
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© Copyright 2010 Joe DiPasquale, Founder/CEO
Hiring, Firing, and Co-Founders
A pril 25, 20119
Incentives, incentives, incentives!
Equity is long-term
F requent, small incentives
Classic example: Sales commissionWho else can this work for?
Everyone!Marketing: commissionDevelopers: commission
When the b usiness makes money,they make money.
Other systems: Tracking (e.g. Pivotal Tracker); recognition
8/7/2019 Pillsbury April 25 Startup Legal and IP Joe DiPasquale
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© Copyright 2010 Joe DiPasquale, Founder/CEO
Hiring, Firing, and Co-Founders
A pril 25, 201110
How do you keep people?
Jo b enjoyment:
Exciting work and challenge;
Career growth, learning and development
Working with great people and relationships.
Not salary, work hours, etc.
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© Copyright 2010 Joe DiPasquale, Founder/CEO
Hiring, Firing, and Co-Founders
A pril 25, 201111
« .BUT
The inertia employee(doesn¶t care)
The incompetent employee(doesn¶t know what to do)
The negative employee(³who cares?´)
8/7/2019 Pillsbury April 25 Startup Legal and IP Joe DiPasquale
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8/7/2019 Pillsbury April 25 Startup Legal and IP Joe DiPasquale
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© Copyright 2010 Joe DiPasquale, Founder/CEO
Hiring, Firing, and Co-Founders
A pril 25, 201113
Process
A re you b etter off with or without that person?
How necessary is the position?
Do you have time to hire and train someone else?
You to not need to speak a b out cause. Employment should b eat-will.
Severance: 2 weeks - get them to sign documentsb
eforepayment
You must pay them on their last day (for the time they worked)
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© Copyright 2010 Joe DiPasquale, Founder/CEO
Hiring, Firing, and Co-Founders
A pril 25, 201114
Board of A dvisors
A dvice: b een there, done that
Connections:b iz dev or funding
Paid consultant/advisors
How much equity do you give?0.25 to 1% depending on stage
Vesting equityOne-year terms
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© Copyright 2010 Joe DiPasquale, Founder/CEO
Hiring, Firing, and Co-Founders
A pril 25, 201116
Business development
Sym b iotic relationship
Distri b ution network
Don¶t skitch ± how can you help?
A cquisitions are a b out synergies
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© Copyright 2010 Joe DiPasquale, Founder/CEO
Hiring, Firing, and Co-Founders
A pril 25, 201117
Team can b e your unfair advantage
F ounders are most important ± b utimportance diminishes over time
Use natural selection to b uild team
Business development, b oard, andadvisors will complement the competitiveadvantage
Build the culture of your team withcommunication, meetings, and work-centered rewards and fun