How a startup company should handle advice - ep. #23

#AskAVC with Ryan Floyd

As your startup company will become more successful, naturally there will be more and more people eager to share their advice with you. It's a smart strategy to surround yourself with people who know more than you in various business areas - be it sales or security. There are a few things any founder needs to keep in mind, however, to make sure that taking advice will help their company as opposed to hurting it. As a startup CEO, you must figure out:

• How to find and choose the right advisors for your business?
• How to separate good advice from bad?
• How to maintain a strong relationship with an advisor even if you reject his or her advice?
• How to compensate your startup advisor?

There is no question that the right set of advisors will make your startup stronger. Watch this video to get answers to the questions below - and much more!

Make sure to also:

• Follow me on Twitter (https://twitter.com/RyanFloyd) for a lot more content on building SaaS B2B startups, as well as venture capital and entrepreneurship in general
• Subscribe to my blog at http://ryanfloyd.org/, where I talk about why I invest in certain companies and broader tech industry issues
• Check out my #AskAVC podcast based on this channel (https://anchor.fm/ask-a-vc)

About Ryan Floyd

Ryan is a founding Managing Director of Storm Ventures where he invests in, and works with, early stage enterprise SaaS startups. His primary focus is applications and cloud infrastructure related companies. He is always interested in hearing from passionate technology entrepreneurs. Ryan is a skilled writer and commentator on all things SaaS. He’s written for Techcrunch, Sifted, Thrive Global and is a regular contributor to The UK Newspaper. He’s host of the recently launched #AskAVC YouTube channel aimed at enterprise entrepreneurs. In each episode he tackles a different issue relating to building and scaling B2B startups - topics such as how to pitch to an investor and how to combat sales churn.

When he’s not working with his portfolio founders, Ryan is active with Code2040, a nonprofit organization that creates pathways to educational, professional, and entrepreneurial success in technology for underrepresented minorities. And occasionally he finds time for surfing!

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