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Mentor Mondays3rd Monday Monthly

Dave Parker - @DaveParkerSEA

#mentormondays

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Agenda:Noon: Lunch

12:15 Talk

12:30 Q&A

12:45 1:1 Mtgs

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Finding a Mentor

Avoiding the Leeches

Dave Parker - @DaveParkerSEA

#SEFI

@Founding

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Agenda

About Dave

Startup Ecosystem

What to look for in a mentor? Avoiding the Leeches

Timing and Stages

Aligning Goals / FAST Agreements

About FI.co

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About Dave

Dave Parker

Director, Seattle Founder Institute

CEO & Co-Founder Bundled.com

Co-Founder OneAccord Partners

Board Member Guidant Financial

Former Board Member

Classmates.com

Founder Institute

15 week program pre revenue,

pre-product, pre-idea stage

Ideation to fundraising

Office hours/individual coaching

Tuesday night dinners

Costs

$50 Application Fee WAIVED $995 Course Fee

3.5% into shared pool

$4,500 tuition after funding

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Mentors (Past/Current)

Andy Liu Bryan Mistele

Dan Schapiro

Charles Mount

Rebecca Lovell

Dave Bluhm

Matt Shobe

Brian Schultz Todd Hooper

Charles Kwon

T.A. McCann

Chris Devore

Joel Espelien

Keith Smith

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The Startup Echo System

Supportive

Sponsors

Law Firms, Accounting,

Banking, etc = free drinks

Groups NWEN,

Programs

FI, TechStars, University

Resources SeattleTechCalendar

Media

GeekWire

Leeches

Never Sponsors

Come to sell you stuff at

events but never sponsor

Wantepreneurs Read the books, speak the

language never done it

Startup Groupies

Want the upside but no risk

Youll end up paying them out

of your savings

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Fundraisers & Introducers

Not Bankers, but helpers

help make introductions

Have a big network of

investors NEVER invest themselves

BUT want a % of the deal,

equity and retainers

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What to Look for in a Mentor

Been there/done that

Experience not theory

Has been where you want to go

Industry Experience

B2B or B2C, Vertical Market, go-to-market

Experience you dont have

Building a team

Scaling a product

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Using a Mentor

Set a regular time

Buy lunch of coffee

Communicate between meeting

two week updates

Be specific with your questions

Send an agenda in advance, General questions take a lot of

time

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Timing and Mentors

Idea Stage

Brainstorming, innovation

Product Stage

UI/UX, knows your target customer

Go to Market

Sales, marketing and Business development, channel

Traction

Operations, HR,

Funding

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Aligning Goals

Set aside a small % of the company for Advisors

Set expectations

Align incentives Dont Abuse Mentors

Some will say No

http://fi.co/contents/fast

Kevin Rose video http://fi.co/posts/665

http://fi.co/contents/fasthttp://fi.co/posts/665http://fi.co/posts/665http://fi.co/contents/fast

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Thank You!

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http://fi.co/join/mentor

15 Week Program with Local and SV Mentors

Ideation to fundraising

Office hours/Individual coaching Monday night meals

Costs

$50 Application Fee/Test Waived! $995 Course Fee

3.5% of company into shared pool (peers, mentors and FI)

Post funding tuition - $4,500

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Dave Parker

@DaveParkerSEAForestTreesBark.com

Information Session Aug 28th

Early Admissions Deadline Sept 2nd

Ideations Bootcamp Sept 6th

Information Session Sept 12

Founder Night Out Sept 18th

Final Deadline Sept 23rd

Session Starts Oct 2nd