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Question 4 - @ianknowlson @reiva @TrippBraden @imoyse @mikejulietbravo I wonder what you think? #SageInspire http://www.via-cc.at...

Ian Knowlson 📈
GREAT QUESTION -

Ian Knowlson 📈
This crops up many times with my clients. Their major concern is that VCs always want an exit. Sometimes they drive the business in different directions and at critical times.

Ian Knowlson 📈
@sageu Startups to a degree have to know what their own exit is? WIll they want to sell to the market, an MBO or retain it and move their role to Chairman.

Ian Knowlson 📈
For those in Recruitment I have written a blog about this http://www.sellingsu...

Tripp Braden
Understand what strings mean, how they will impact your ability to successfully lead the organization

Ian Knowlson 📈
Absolutely Tripp 100% spot on

Ian Knowlson 📈
I think if you use a VC you need to know what their ethics and values are. Are they aligned to yours

Tripp Braden
Learn how to walk away and when to run...To be succesful you must understand where the true value in your business is

Tripp Braden
To many early stage organizations fail to understand what makes their business valuable and to whom

Ian Knowlson 📈
I know some V good VCs so I think they are very much worth talking to but startups need to understand what the VCs motives are

Ian Knowlson 📈
As @imoyse says some VCs want a quick return... Where as our startup may want a longer 5-10 year business cycle

Tripp Braden
@IanKnowlson That's a great point! Its not about the entrepreneur but many times the agendas of the VCs

Tripp Braden
If you can create synergies with VCs other portfolio companies you can accelerate your growth and funding dramatically

Tripp Braden
Choose your early stage partners carefully because they will be a major part of your success or failure

Ian Knowlson 📈
I guess Tripp and I would suggest that StartUps might want to also talk to a #BizGrowth Coach #GrowthHacker too

Tripp Braden
@IanKnowlson Yes but with caution, make sure the coach gets not only your business but who you are. Its an investment... but make sure your ready to work to get great value out of coach

Ian Knowlson 📈
#Growth coaches are aligned to the development of the people as well as the business. With Startups and SME businesses this is fundamental as its is hard to growth a business without growing yourself

Ian Knowlson 📈
For many startups its about the journey.

Ian Knowlson 📈
As @jackcanfield & @TonyRobbins often say its not about the $1,000,000 you make its is what you become through going on the journey. The personal journey the entrepreneurs go on to make that million that matters

Mike Briercliffe
don’t go to a VC until you’ve sold something - preferably LOADS

Tripp Braden
@IanKnowlson Who you become is a critical to your growth both personally and professionally.. It will help you create greater relationships with better people helping take your game to the next level

Ian Knowlson 📈
@TrippBraden You are so right Tripp. People need to be prepared to work with a coach and prepared to make changes.

Mike Briercliffe
if you can’t give them back at least 5x their outlay in less than 4 years - you’ll get scalped

Tripp Braden
@mikejulietbravo That's an interesting point. Customers as VC is something I've seen work in emerging technologies

Ian Knowlson 📈
😂😂😂 - So true Mike - But I know a few who are not as mercenary as that but sadly they appear to be in a minority

Ian Knowlson 📈
It is Tripp - Disruptive models are all the rage and VCs love them.

Tripp Braden
@IanKnowlson I'm wondering if that's part of their game, disruption is coming, but not soon enough as other forms of early stage funding becomes available

Tripp Braden
@IanKnowlson I've seen a good family office can provide an interesting and stable of funding for the right markets.