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Startup Governance
Startup Governance

 

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Alex Norman
TechTO Co Founder & AngelList Canada Partner

Typically you can't get a program with less than 3 FTEs.  Under 10 employees what you are basically purchasing is an admin  layer for the benefits.  

We used Ownr which is an online way to register your corporation. Founded sounds honestly better than Owner so I'm glad you shared it.

I think the book Venture Deals5 may give you the practical knowledge of how to structure your incorporation to best... (More)

Mayur Gadhia
Founder, CloudAct CPA Professional Corporation

At an early-stage, the sweat equity is ideal compensation model for two reasons: 

  1. Reduce the strain on your limited cash flow - so you deploy that cash in the operation
  2. Skin in the game is a great way to motivate the advisor. If they are not wil... (More)
Mayur Gadhia
Founder, CloudAct CPA Professional Corporation

It's fairly straight forward to incorporate at the provincial and/or at the federal level in Canada. Majority of the sign-up can be completed online. If you've outside investors or plan to raise capital, you should consider professional advice to e... (More)

Alex Norman
TechTO Co Founder & AngelList Canada Partner

Advisory boards don't have formal obligations to any stakeholders and the goal can be customized depending on what they are being used for, as such there is not a one size fits all answer to this question.

I will give you examples how I have used ad... (More)

Amir GanjeiiTechToronto Member
Founder - Product Lead at www.rekab.app

We do Scrum / Agile for software development. we started implementing agile concepts when the team grow to 5 developers. the problems we had
1- daily standup meetings! it seems funو but at the beginning people don't see any value in it so they don't... (More)

Amir GanjeiiTechToronto Member
Founder - Product Lead at www.rekab.app

If you don't have any investors, then it's better to not have a board! their main job of board is to protect the company (sometimes from you as a disruptive entrepreneur) and make sure everything is based on the overall strategic plan and the way t... (More)

I recently came across Founded which is an all in one legal platform. They are based in Toronto and their pricing model is subscription. You can incorporate as low as $29 per month.

Alex Norman
TechTO Co Founder & AngelList Canada Partner

The first thing to remember what the Board's role is.

As per  Mark Suster's great post Startup Boards:30

The role of a board is to agree an annual operating plan (budget) and strategy and to periodically (usually quarterly) review progress and mak... (More)

This is a huge problem that a lot of organizations do not take as seriously as they should. Not communicating change effectively can breed negativity, so communicating clearly and effectively can make a huge impact on morale during periods of trans... (More)

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