How Do You Manage A Board Of Directors Meeting?

By Brett Fox | March 31, 2020

“This looks pretty startup friendly,” Marsha, our attorney, said to me when I sent her our term sheet. “There are no crazy terms, and the board composition looks reasonable. [Do you want to grow your business? Maybe I can help. Click here.] “I think this is pretty clean,” Marsha concluded. “What about the board composition?”…

How Do You Deal With The Stress Of Being CEO?

By Brett Fox | March 30, 2020

“I think we should sell the company,” “Raul,” one of our investors said to me. Raul’s demand came out of nowhere. We were doing well. Revenue was growing at a healthy clip, and we had just received a term sheet from a new investor to lead our next round of funding. [Do you want to…

How Tough Is It To Get Funded After COVID 19?

By Brett Fox | March 25, 2020

How hard will it be for you to raise money in the aftermath of COVID-19? No one knows for sure. But I have a pretty good idea because I raised $12M during the Great Recession. I’ll give you my thoughts on how the funding environment is likely to change, whether it makes sense to continue…

What Are The Positions You Shouldn’t Hire Early On?

By Brett Fox | March 24, 2020

“Great IC design engineers are the toughest thing to find,” I said to Dave. “And to hire great design engineers, we need a world class VP Engineering because great designers will only work for a great VP Engineering.” [Do you want to grow your business? Maybe I can help. Click here.] Dave nodded his head…

The Real Truth About Managing Remote Teams

By Brett Fox | March 23, 2020

My daughter Avery had an assignment in her first grade class. She was supposed to see if she could send a paper turtle to every continent in the world. The first challenge what was Avery going to name her nomadic turtle? Avery was into eating goldfish at the time, so the turtle became known as…

Why You Shouldn’t Wait To Raise Your Funding…

By Brett Fox | March 18, 2020

Despite the crazy times we are living in right now Coronavirus (Covid-19) has thrown everything for a loop. The fundraising environment and economic environment reminds me of when I was raising money during the Great Recession. There’s a lot uncertainty, just like during the Great Recession. And there’s a lot of fear, just like during…

How Do You Extend Your Runway Before Raising Money?

By Brett Fox | March 17, 2020

I was talking with one of my 1:1 coaching clients today.  Two weeks ago, “Sam’s” company was ramping demand and preparing to raise their next round of funding. Sam told me today that every customer meeting he had was canceled because of the uncertainty.  Customers were backing off.  And he didn’t know what investors reactions…

The 11 Steps You Need To Take To Deal With Coronavirus

By Brett Fox | March 16, 2020

“Brett, what does it mean?  We have to shelter in place starting at midnight according to the mayor.”  Blossom said to me.  “Maybe ‘Jane’ (a friend of ours) isn’t that crazy after all.” [Do you want to grow your business? Maybe I can help. Click here.] Jane’s been in a panic because of the Coronavirus. …

How You Can Keep Your Family And Be A Success

By Brett Fox | March 11, 2020

Supposedly, in order to be a successful startup CEO, “they” tell you that you have to give up everything, including your family, and be 100% devoted to your startup. I am here to tell you that “they” are wrong. And who are “they” anyways? But that’s a different story. Yes, you do need to make…

What’s The Best Use Of Your Excess Cash?

By Brett Fox | March 10, 2020

“If you give a startup $1M, they’ll find a way to spend it,” my friend and VC, Dave said to me early on. Then he delivered the punch line. “If you give a startup $10M, they’ll find a way to spend that too!” [Do you want to grow your business? Maybe I can help. Click…