Questions for Someone Getting Involved in the Startup Community

In addition to spontaneous pitches, I’ve received a number of requests about how to get more involved in the startup community. Before talking about specific organizations, events, and programs, I start by asking a series of questions related to areas of interest and where they’d like to add value. Here are a few of the questions:

  • What size and stage startup is most interesting to you? Idea stage? Seed stage? Early stage? Growth stage? Many senior executives say they want to help startups with at least $5 million in revenue, to which I reply that we’re working hard to grow more but that there aren’t very many.
  • What markets and verticals do you have experience in? As an example health IT is different from marketing automation which is different from mobile device management.
  • What technologies are exciting to you? Internet of things? Big data? Cloud computing?
  • How specifically do you want to help? As an advisor? Mentor? Investor?
  • What do you want in return? Cash? Equity? A job? Personal satisfaction from helping an entrepreneur?

After getting a solid understanding of what the person’s looking for and how they want to engage, it’s easy to point them in the right direction.

What else? What are some other questions to ask someone looking to engage in the startup community?

Comments

3 responses to “Questions for Someone Getting Involved in the Startup Community”

  1. patricknelissen Avatar

    Hi David. Great post again and I love to share this on Twitter!

    Another point is the horizon of the company’s founder. If a founder wants to sell his company after 5 years, the strategy & execution of the strategy is different than if he wants to stay longer. For example: instead of fast growth, most founders want to have sustainable growth when they are selling the company within 5 years.

    What’s your experience/opinion?

    PS can you add Google+ &LinkedIn to the sharing buttons?

  2. Sandeep Gupta Avatar
    Sandeep Gupta

    Hi, Thanks for the insights. Guess we should also ask for how much time they are ready to commit. Not only in terms of let us say weekly commitment but also in the larger time frame in months or years. It would be important from the perspective of start-up.
    – Sandeep

  3. niesirmans Avatar

    Well said – it’s so important to identify your interests in order to be where you really want to be!

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