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The Investor and Advisor

Learn how to be an active and valuable advisor in investment ventures, ensure success for all involved, and maintain a rewarding relationship through honest feedback and guidance. Discover when to provide advice, red flags to watch out for, and the key mantras to guide your advisory role effectively.

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The Investor and Advisor

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  1. The Investor and Advisor Hey, Mom, HELP!!! Coronado Ventures Forum

  2. Why be an investor and advisor • Due diligence • Protect your investment • Active investor • Provide real value add • Help ensure everyone’s success • Fun and rewarding Coronado Ventures Forum - SLC - HotSpare.

  3. Basic premise for advising • It’s their vision • It’s their company • It’s their decisions • Provide data points for decisions • Best decisions understand the compromises Coronado Ventures Forum - SLC - HotSpare.

  4. How to effectively advise • Regularly scheduled meetings • Frequent interactions – know the company and people • Request memos and/or status reports • Be available and responsive • Develop a _trusted_ relationship • Be honest, sincere and straightforward Coronado Ventures Forum - SLC - HotSpare.

  5. Who to advise • Willingness to listen and take input • Accept criticism and conviction equally (supportive, yet critical) • Can you play the Devil’s advocate • They ask questions and seek input • Their ego is in check (not everyone needs advice – just ask them! ) • Your personalities and style mesh • Do not force the relationship Coronado Ventures Forum - SLC - HotSpare.

  6. Advise by using your strengths • Know your value and area of expertise • Remember, it’s often hard to get honest feedback • Invest your time and experience • Been there – Done that • Help provide resources outside of your expertise Coronado Ventures Forum - SLC - HotSpare.

  7. When to provide advice • When it’s asked for! • When you feel passionate about a topic • When your experience is beneficial • When the timing is right (be patient) • When decisions will mortgage their future success Coronado Ventures Forum - SLC - HotSpare.

  8. Red flags when advising • Watch for the “yes man” trap • Don’t stroke your own ego – it’s about their success, not yours • If you don’t know or don’t have an opinion, say so • Don’t unnecessarily consume valuable exec’s time and cycles • Be sensitive and aware - manage yourself Coronado Ventures Forum - SLC - HotSpare.

  9. The fine lines • Between advisor and board member • Between advisor and employee • Between advisor and friend Coronado Ventures Forum - SLC - HotSpare.

  10. Basic Mantras • Be honest • It’s their decision – you provide data points • Be active and responsive • Be respectful and humble • Listen and learn Coronado Ventures Forum - SLC - HotSpare.

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