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The Investor and Advisor. Hey, Mom, HELP!!!. Why be an investor and advisor. Due diligence Protect your investment Active investor Provide real value add Help ensure everyone’s success Fun and rewarding. Basic premise for advising. It’s their vision It’s their company

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Presentation Transcript
The investor and advisor

The Investor and Advisor

Hey, Mom, HELP!!!

Coronado Ventures Forum


Why be an investor and advisor
Why be an investor and advisor

  • Due diligence

  • Protect your investment

  • Active investor

  • Provide real value add

  • Help ensure everyone’s success

  • Fun and rewarding

Coronado Ventures Forum - SLC - HotSpare.


Basic premise for advising
Basic premise for advising

  • It’s their vision

  • It’s their company

  • It’s their decisions

  • Provide data points for decisions

  • Best decisions understand the compromises

Coronado Ventures Forum - SLC - HotSpare.


How to effectively advise
How to effectively advise

  • Regularly scheduled meetings

  • Frequent interactions – know the company and people

  • Request memos and/or status reports

  • Be available and responsive

  • Develop a _trusted_ relationship

  • Be honest, sincere and straightforward

Coronado Ventures Forum - SLC - HotSpare.


Who to advise
Who to advise

  • Willingness to listen and take input

  • Accept criticism and conviction equally (supportive, yet critical)

  • Can you play the Devil’s advocate

  • They ask questions and seek input

  • Their ego is in check (not everyone needs advice – just ask them! )

  • Your personalities and style mesh

  • Do not force the relationship

Coronado Ventures Forum - SLC - HotSpare.


Advise by using your strengths
Advise by using your strengths

  • Know your value and area of expertise

  • Remember, it’s often hard to get honest feedback

  • Invest your time and experience

  • Been there – Done that

  • Help provide resources outside of your expertise

Coronado Ventures Forum - SLC - HotSpare.


When to provide advice
When to provide advice

  • When it’s asked for!

  • When you feel passionate about a topic

  • When your experience is beneficial

  • When the timing is right (be patient)

  • When decisions will mortgage their future success

Coronado Ventures Forum - SLC - HotSpare.


Red flags when advising
Red flags when advising

  • Watch for the “yes man” trap

  • Don’t stroke your own ego – it’s about their success, not yours

  • If you don’t know or don’t have an opinion, say so

  • Don’t unnecessarily consume valuable exec’s time and cycles

  • Be sensitive and aware - manage yourself

Coronado Ventures Forum - SLC - HotSpare.


The fine lines
The fine lines

  • Between advisor and board member

  • Between advisor and employee

  • Between advisor and friend

Coronado Ventures Forum - SLC - HotSpare.


Basic mantras
Basic Mantras

  • Be honest

  • It’s their decision – you provide data points

  • Be active and responsive

  • Be respectful and humble

  • Listen and learn

Coronado Ventures Forum - SLC - HotSpare.


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