Madrid May 5th 2016 Team and Advisors B Powar P Viguera C Galdón
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Transcript of Madrid May 5th 2016 Team and Advisors B Powar P Viguera C Galdón
8/17/2019 Madrid May 5th 2016 Team and Advisors B Powar P Viguera C Galdón
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Team & Advisors
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18h30 Introduction18h35 Groups President feedback
18h45 1st Batch Hotseat (2) + feedback
19h00 Mentors Talk 1- Balvinder Powar
2- Conchita Galdón
3- Pablo Viguera
20h30 2nd Batch Hotseat (3) + feedback20h50 Q&A & wrap up
Agenda
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8/17/2019 Madrid May 5th 2016 Team and Advisors B Powar P Viguera C Galdón
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“Team and Advisors”
Balvinder Singh PowarCCO, BOOSTER SPACE INDUSTRIES + AERDRON
The Founder Institute
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“Teams” – Balvinder Singh Powar
The Founder Institute“Teams”:
Balvinder Powar5/5/2016
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"85% of your financial success isdue to your personality and ability
to communicate, negotiate and
lead. Shockingly, only 15% is dueto technical knowledge.”
- Carnegie Institute of Technology
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TEAMS - First, “Working
Agreement”(WA):
Shared & Core Values
Objective & Common Framework based onNEEDS – Individual, Team, Task
Agree Behaviours
Action & Reinforce
Revisit “Living Doc/Agreement”
Part 2: Add SHA to mix
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Needs
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Team Excellence
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COMPLETION
CREATIONIMPLEMENTATION
INITIATION
The strategic design of a work team
Belbin’s team roles
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Homework - Write:
1. WA
2. SHA
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MY LEARNINGS:
WA + SHA
Right & Effective Communication for Team Performance
& Motivation/Talent Retention/Managing Conflict...
VALUES for Life: Good Professionals & Good People
Attitude, Personal and Professional Innovation
Choose who is BEST for the Company, not best as a“FRIEND”
Partners have to mix: ABILITY + PASSION
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What Really Motivates People
To Innovate/Excel/Succeed?...
Intrinsic vs. External
e.g. Wikipedia vs Encarta!
(Daniel Pink)
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1. PURPOSE: Contribution...
2. AUTONOMY: Trust...
3. MASTERY: Making Progress...
3 INTRINSIC/INTERNAL
MOTIVATION KEYS:
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Unlock:
MEANING +
DISCRETIONARY EFFORT
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“Team and Advisors”
Conchita GaldónCEO & Founder / Puentes Global / Area 31 @ IE
Business School
The Founder Institue
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“Team & Advisors”
Pablo VigueraCEO & Co-founder Groopify
The Founder Institute
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Meet people for real.
Team and Advisors – Founder Institute
May 2016
www.groopify.com // @groopify
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Agenda
• Recruiting as an early-stage startup (with no money! ^_*)• First few hires
• Process• Compensation• Best practices
• Advisors• Do you need one?• What’s their role? How can they add value?
• Where to find them?• How to keep them engaged + compensate them?
1
2
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Recruiting as an early-stage startup (withno money! ^_*)
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First few hires
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First few hires
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First few hires
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First few hires
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Process (at first)
• Ad hoc at first – no process
• No divide and conquer, all interview. Hiring is pretty much your only priority until
you can build + ship
• First hires are critical, there are no processes, there’s no company or hiring culture.
Decisions have to be unanimous
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Process (as you grow)
• Structured. Someone in the team (manager) in charge of HR (in our case it’s Ops &HR). OWNS the process and designs it with hiring manager (development,marketing, product, etc.)
• Non-intrusive, should be done in parallel. As a small team, we schedule interviews
early morning or late in the afternoon
• Use tools, automate the process and set KPIs / metrics. Ours: we use Workable
(collaborative candidate/application tracking) and our key metric is < 1 month since
“need” identified and first day on the job. HR manager has this KPI as a componentof quarterly variable compensation
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Process (as you grow)
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Compensation
• Think about equity / stock options from the very beginning (10% option poolprovides sufficient flexibility)
• We’ve found that a mix between fixed (X%) + variable (Y%) + stock (Z%) works
best. Key is to define ranges based on roles/responsibilities, timing (when hires join
the company) and experience. Then define packages. No one size fits all
• Everyone (full-time employees) in the company should own stock
• When you can, pay above-market salaries (this is related to retention, poaching,
etc.)
• Perks are almost never considered but act as valuable intangible compensation
(flexible schedule, bonding activities, free coffee + snacks, office location, etc.)
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Compensation
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Compensation
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Best practices
• #1 priority until you can build + ship. Most critical element to startup success (atevery stage)… building an all-star team. Top, down. Left and right
• You’ll fuck up. If you need to fire... fire FAST!
• People typically say “Hire slow”. Not necessarily. You’re always in a rush. Don’t
hire as fast as you fire but set milestones, deadlines and stick to them (1 month in our case)
• Provide a right mix of incentives between fixed + variable + stock. No one size fits
all
• Don’t be greedy with equity. Take the 10% option pool as a sunk cost and distribute
it. You can always expand / reset it later as you grow and do more rounds
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Advisors
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Do you need one?
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What’s their role? How can they add value?
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What’s their role? How can they add value?
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What’s their role? How can they add value?
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Where to find them?
• HERE!
• Through referrals, network, etc.
• Accelerators (FI, Plug & Play, Wayra, etc.)
• Linkedin + cold emailing works sometimes
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Where to find them?
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How to keep them engaged + compensate them?
• Engage with them on social media
• Send them updates (include them in periodic investor updates) – don’t only ask for stuff
• Equity – include them as part of stock option pool
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THANKS!
[email protected] @viguerapablo
Agenda
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18h30 Introduction18h35 Groups President feedback
18h45 1st Batch Hotseat (2) + feedback
19h00 Mentors Talk 1- Balvinder Powar2- Conchita Galdón
3- Pablo Viguera
20h30 2nd Batch Hotseat (3) + feedback20h50 Q&A & wrap up
Agenda
Agenda
8/17/2019 Madrid May 5th 2016 Team and Advisors B Powar P Viguera C Galdón
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18h30 Introduction18h35 Groups President feedback
18h45 1st Batch Hotseat (2) + feedback
19h00 Mentors Talk 1- Balvinder Powar2- Conchita Galdón
3- Pablo Viguera
20h30 2nd Batch Hotseat (3) + feedback20h50 Q&A & wrap up
Agenda
Agenda
8/17/2019 Madrid May 5th 2016 Team and Advisors B Powar P Viguera C Galdón
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18h30 Introduction
18h35 Groups President feedback
18h45 1st Batch Hotseat (2) + feedback
19h00 Mentors Talk 1- Balvinder Powar
2- Conchita Galdón
3- Pablo Viguera
20h30 2nd Batch Hotseat (3) + feedback20h50 Q&A & wrap up
Agenda
8/17/2019 Madrid May 5th 2016 Team and Advisors B Powar P Viguera C Galdón
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“Team and Advisors”
Balvinder Singh PowarCCO, BOOSTER SPACE INDUSTRIES + AERDRON
The Founder Institute
8/17/2019 Madrid May 5th 2016 Team and Advisors B Powar P Viguera C Galdón
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“Team and Advisors”
Conchita GaldónCEO & Founder / Puentes Global / Area 31 @ IE
Business School
The Founder Institue
8/17/2019 Madrid May 5th 2016 Team and Advisors B Powar P Viguera C Galdón
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“Team & Advisors”
Pablo VigueraCEO & Co-founder Groopify
The Founder Institute
Agenda
8/17/2019 Madrid May 5th 2016 Team and Advisors B Powar P Viguera C Galdón
http://slidepdf.com/reader/full/madrid-may-5th-2016-team-and-advisors-b-powar-p-viguera-c-galdon 52/53
18h30 Introduction18h35 Groups President feedback
18h45 1st Batch Hotseat (2) + feedback
19h00 Mentors Talk 1- Balvinder Powar2- Conchita Galdón
3- Pablo Viguera
20h30 2nd Batch Hotseat (3) + feedback20h50 Q&A & wrap up
Agenda
Agenda
8/17/2019 Madrid May 5th 2016 Team and Advisors B Powar P Viguera C Galdón
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18h30 Introduction18h35 Groups President feedback
18h45 1st Batch Hotseat (2) + feedback
19h00 Mentors Talk 1- Balvinder Powar2- Conchita Galdón
3- Pablo Viguera
20h30 2nd Batch Hotseat (3) + feedback20h50 Q&A & wrap up
Agenda