Professional Documents
Culture Documents
FOUNDING TEAM
CHAPTER 6
Entrepreneurship is a Team
Sport
Increased
skill set
Extended
network
Moral
support
Capacity
innovation
Evaluate
your skills
Use your
strengths
Get
feedback on
your actions
Your advisor
network
Your extended
network
Friends
Professors
Family
Alums
Employees
Types of Compensation
Compensation
name
Advantages
Disadvantages
Founder Shares
Attracts co-founders
Option pool
Restricted stock
Expensed at current
price
Stock
appreciation
rights
Employees
do not
Bygrave & Zacharakis, Entrepreneurship,
New York: Wiley,
2011.
Phantom stock
Needs cash to be
Board of
advisors
Lawyers
Outside
investors
Virtual
Team
Board of
directors
Family
pressure
Burn out
Interpersonal
conflicts
Recap