Thu, 27 May 2021
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
To ensure an advisor engagement is successful, make sure you set up an advisor agreement.
This is a contract between the advisor and the company and defines the work to be done.
Here are some key points to consider:
Make clear what the advisor will do -- bring experience, contacts, domain knowledge, or other.
Include the frequency of meetings and type.
You could add KPIs to the contract or leave it as a general description.
The more specific it is, the easier it will be to manage later.
If there’s a short duration for terminating the contract, then a general description may be sufficient.
Define the equity compensation and vest it over time.
Include clauses around confidentiality, intellectual property assignment, non-solicit, and non-compete.
This ensures the advisor keeps the company information confidential.
Any IP that comes up from the engagement stays with the company.
The advisor can’t recruit employees away and cannot later compete with the company.
It’s best to bring these issues up and discuss them before the engagement to make sure there’s no misunderstanding later.
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Music courtesy of Bensound
Thu, 27 May 2021
In this episode, Hall welcomes Ganesh Padmanabhan, VP, Global Business Development & Strategic Partnerships at BeyondMinds, technologist, entrepreneur, and early-stage investor.
Founded in 2018, BeyondMinds has built the first enterprise AI solution that is universally applicable and easily adaptable. They deliver hyper-customized, production-ready AI systems that enable sophisticated companies to overcome the massive failure rate in AI adoption and rapidly implement ROI-positive transformations. The company has more than 70 employees, with the majority being AI technologists. Accelerating AI democratization around the world, they have offices in New York, Tel-Aviv, and London, in addition to presence in other countries, and they service Global 1000 companies, including Microsoft and Samsung.
Ganesh is an accomplished technology and business executive with deep expertise in commercializing and building AI and Big Data businesses for Fortune 500 organizations and high-growth startups. Prior to that, Ganesh was the Co-Founder and CRO at Molecula Corp, a data management company that helps enterprises unlock access to their data. Prior to that, he was head of growth at CognitiveScale, Inc., an enterprise AI company, that helps Global 2000 organizations deploy and scale practical, scalable, and trusted AI systems. Ganesh spent 15 years in global companies like Dell Technologies, Intel, and Adaptec, in general management, product, and technical leadership positions.
Ganesh is passionate about using technology to solve the biggest challenges for humankind and is a believer in the power of AI to augment human potential. He is an advocate for using technology as a global equalizer to create opportunities for all. He has been active in the community by mentoring local entrepreneurs and startups at Capital Factory, Texas. He recently served on the Texas Governor Abbott’s COVID-19 task force on Innovation, helping them unlock data to better decisions on the response and recovery in the State. Ganesh teaches a course on ‘Product Management and Strategy in Technology-Driven Markets’ every Spring semester at the McCombs School of Business at The University of Texas Austin.
A frequent keynote speaker, he is published at Forbes, Business Insider, and other publications and was honored by the Enterprise Management 360 as one of the top 10 tech experts revolutionizing AI. Ganesh holds a Bachelor's Degree in Mechanical Engineering from the University of Calicut, India, and an MBA from UT Austin.
Ganesh shares what led him to start working in the AI space and advises investors and entrepreneurs. As a huge technology optimist, he discusses how he sees the industry evolving post-COVID-19,
Music courtesy of Bensound.