general memo is designed to educate the "team" of Founders as
they work out the relationships among themselves. It should be
considered by anyone who is thinking of starting a new venture.
from the "Starting Up" Column
is a collection of reprints from the monthly "Starting Up"
column in the Boston Business Journal. The column addresses topics
of recurring interest to persons who are starting and growing new
OF DIRECTORS AND ADVISORS
Directors - Do You Need Them and Where to Find Them"
legal requirement for a Board of Directors
Bore the Board of Directors - (How To Use A Board Effectively)"
practical tips on getting the most from your Board of Directors
Little Advice on Advising: Three Models of Success Will Help"
Describes how to get, compensate and effectively use outside advisers
to your venture.
Characteristics of Highly Effective Entrepreneurial Employees"
How to Identify "Right Stuff" employees
Pitfalls Part 1"
Legal issues in employing and retaining your most
valuable assets: independent contractors, offer letters, non-competition
Pitfalls Part 2"
Government contracts, overtime, immigration law,
You Still Have the Right People (In the Right Job)?"
Will the people who started with you make it to the IPO?
Much Does An Employee Cost?"
The “non-direct salary” cost components- some metrics on figuring
the cost of feeding and caring for employees
FORMS OF DOING BUSINESS
S: Some Myths, Realities and Practical Considerations"
What is a Subchapter S Corporation and why/when should you use it?
An LLC For Me?"
What is a Limited Liability Company and is it appropriate for a
technology growth company?
and Post-Money Valuation; Some techniques for valuing a venture
– Here Is A Primer of Stock Vocabulary"
A primer on stock vocabulary relating to dilution
Stock When Using Stock in Trade- Part 1: Stock Basics"
Covers basic terminology and concepts about stock and about equity
compensation of employees.
Stock When Using Stock in Trade- Part 2: Stock and Options"
Some considerations in using stock and options
Stock Reward- How Much Stock Do They Deserve?"
What is appropriate stock compensation for employees?
Clear of the Tempest: A Start-Up Tragedy in Three Acts"
This column discusses the importance of securities laws and how one
company's failure to comply with these laws may have caused the company to
(The Pitfalls of Acceleration)"
Should stock and option vesting accelerate when a company is acquired
or goes public?
- VENTURE CAPITAL
Financing Sources Are Not Equal"
There are differences among financing sources- pick the one that ís
right for you.
Are the Terms? - Part 1: A Preferred Return"
First of a three part series on the terms of venture capital financings
Are the Terms?- Part 2: Investors Need Some Control After Their Checks Are
Are the Terms?- Part 3: Run Don’t Walk To The Exit"
ADVICE TO ENTREPRENEURS
Is No Day At The Beach"
Take some time to think about your personal goals- you can't figure out
how to get somewhere in your business if you don’t know where you want
Foundation of Success- Build Value Every Step Along The Way"
Plan your work and work your plan to achieve specific goals which
enhance the value of your company.
Lessons from the M.I.T. $50K Business Plan Seminar Series.
That Critical Entrepreneural Spark"
What makes a successful entrepreneur?
the Founding Piper: It's Not As Simple As Writing A Check"
How can you get paid (other than in stock) for your "sweat"
Commandments Of How To Work Effectively With Lawyers"
Practical tips about how to use your lawyers effectively
of Copyright: Another Weapon in Property Arsenal"
Discusses basic concepts of copyright protection.
Importance of Patents: It Pays To Know Patent Rules
What is a patent, how do you get one and what value are they?
Kleenex and Cheez Whiz: Trademarks Are Nothing To Sneeze At"
Practical tips on trademarks
DO THINGS COST?
Up All The Costs: How Accounting Services Are Priced"
Why do you need an accountant and what do accounting services cost?
Costs of Hunting Heads"
What does it cost to recruit someone?
Much Does An Employee Cost?"
Some metrics on figuring the cost of feeding and caring for employees
I Know You From Somewhere? The Price Of Fame"
What does public relations cost?
a Leash on Your Lease"
Basic points to think about in signing a real estate lease for your
Technology Entrepreneur's Guidebook.
Provided by PricewaterhouseCoopers Entrepreneurial Services Center.
Entrepreneurial Services Center
One Kendall Square, Building 200
Cambridge, MA 02139
has provided some Excel spreadsheet templates for financial
projections for Business Plans. Use these financial modeling
spreadsheets to clearly illustrate your return on investment,
profitability and cash-flow milestones, and to integrate your
performance goals with your financial goals. If you are a
service-based business you'll want to use the "service"
Financial Model Template
Service Financial Model