Interim Management
Experienced management is one of the most important factors behind the success of any new entrepreneurial venture. Many first-time entrepreneurs dive into new ventures with ample enthusiasm and energy, but often without the knowledge and experience needed to sidestep easily avoided mistakes. As a result, far too many ventures sputter and die before ever reaching the market.
If you have an extraordinary innovation, we can help launch your venture by temporarily filling one or more key management roles in your company. Whether we serve as your interim CEO, CFO, CMO, COO, general counsel, or in some other senior executive role, we can stand by your side as an experienced co-founder with a vested interest in your long-term success.
Our interim executives are experienced entrepreneurs who have launched and grown successful ventures. As your partner, we roll up our sleeves and work towards laying the groundwork for a successful venture. We work hard, because we succeed only if you succeed.
In a typical engagement, we will form an executive management team and take over much of the managerial control of the venture, allowing you to focus on what you're best at: product innovation. You fill the role of product manager or head of research and development, while we fill the many other vital roles needed to bring a new product to market. Of course, every engagement is different, and we will work with you to structure a relationship that ensures we all end up better off.
How We Work: We view each opportunity as a unique situation, but usual steps include:
- Perform a quick initial review to determine initial level of mutual interest
- Conduct in-depth due diligence to assess feasibility, market potential, and competitive strengths and weaknesses
- Develop a high-level go-to-market strategy and map out likely resource requirements
- Agree on who will fill what roles
- Negotiate our compensation, usually in some combination of equity ownership and ongoing royalties (note that we may be able to structure compensation with little or no cash expense to you, apart from reimbursing our out-of-pocket expenses)
- Develop a detailed business plan and supporting materials
- Form a new company with our team and yours filling executive roles, as required
- Assign your intellectual property into the new venture
- Recruit additional resources, as needed
- Capitalize the business, as needed
- Execute on the business plan
What We Look For: We seek opportunities to partner with entrepreneurs who exhibit the following traits:
- You are a leading thinker in your field
- Your concept solves a major problem in a large market in a way that is superior to existing solutions
- Your intellectual property is protected
- You are a team player, and are open to the idea of taking on co-founders to help you launch your venture
Why You Should Partner With Us: Too many ventures fail because the founders lack the necessary experience and resources. We can change that:
- Our experienced team and advisors offer a diverse skill set that is well suited to new venture creation
- We are able to tap into a wide network of additional resources, as necessary
- We do not charge up-front fees (except to cover expenses in certain cases) and take our compensation in equity and royalties, ensuring that our interests are aligned with yours
If we sound like a good match for each other, then please contact us - we're ready to launch!
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