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Mentors




Wednesday, November 2, 11
Mentors are like
                             Mushrooms



                                  by @peignoir
Wednesday, November 2, 11
How to recognize the good ones?

Wednesday, November 2, 11
Good mentors




Wednesday, November 2, 11
How to recognize them..




  Successful people
  Rare / hard to find
 You will have to attract them (they usually say no)
 They are awfully busy
 They have connections and usually $
 They helped a lot of successful Startups
Wednesday, November 2, 11
Toxic Mentors




Wednesday, November 2, 11
How to recognize the toxic ones..




  They claim to be a mentor (it’s not a job!)
  They will come to you (usually you beg for a good one)
  They cost $ (usually mentors will invest...)
  They never successfully launched anything
  They will spend a lot of time with you (they have time!)
  They are everywhere!
Wednesday, November 2, 11
Side Effects of Toxic Mentors



                            - Weird strategic move   - If you survive he will claim success




                                                             - Killing your Startup
                             -Losing credibility


Wednesday, November 2, 11
Where to find them in the Startup eco-system



                 You are taking over the World!
                                                                                                       HIGH GROWTH


                 You have a stable business model
                 and a great product
                                                                                               SCALE


                 You have a solid team                             Garage            STARTUP
                 with some good ideas



                 You are an                                                 ACTION
                 Entrepreneur



                 You want to be an                             DISCOVERY
                 Entrepreneur


                                                        INSPIRE/CELEBRATE
                You’ve got some
                passions & ideas
                                                    ?



Wednesday, November 2, 11
What is Mentoring?




Wednesday, November 2, 11
Origin




                            Someone who imparts wisdom to and shares knowledge with a less experienced colleague




Wednesday, November 2, 11
Is it only about
                              Knowledge?



Wednesday, November 2, 11
ork
                                       etw
                                   ’s n
                                 or
                             e nt
                            M




         An unfair advantage provider

Wednesday, November 2, 11
Example of unfair advantage:




             Before                                                                                                                             After



   Mary Maxwell Gates
   was an American businessperson. Gates served 18 years (1975–1993) on the University of Washington board of regents. She was the first female president of King County’s United
   Way, the first woman to chair the national United Way’s executive committee where she served most notably with IBM's CEO, John Opel, and the first woman on the First Interstate
   Bank of Washington's board of directors.

Wednesday, November 2, 11
Type of Mentors



        The Connector Mentor                             The Guru Mentor




                       Network > Knowledge                 Network < Knowledge




Wednesday, November 2, 11
How networks and Money Interact with startups




           Computing-Tabulating-Recording Company




        George W. Fairchild                         Sherman Fairchild     Gordon Moore
                    (1854 - 1924)                         (1896 - 1971)       (1929 ... )

Wednesday, November 2, 11
Be good at school kids!

                    Having a great Academic network is your first ally!
              It allows you to build a great “unfair advantage” by yourself!




Wednesday, November 2, 11
It’s only been 6 Years since good
                            accelerators allows you to have
                            access to great mentors via your
                            Talent (usually technical talent!)




                            Like Colleges each accelerator /
                            incubators are different. Avoid the
                            ones who don’t provide good Mentors
                            (cf the Mushroom section)
Wednesday, November 2, 11
Do you need mentors / great
         academics to succeed?




Wednesday, November 2, 11
Nope...




             There’s always exceptions!

Wednesday, November 2, 11
Though having models might
                 help...



                            Edwin H. Land




Wednesday, November 2, 11
Questions?


               franck@startupweekend.org



Wednesday, November 2, 11

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Mentors and mushrooms

  • 2. Mentors are like Mushrooms by @peignoir Wednesday, November 2, 11
  • 3. How to recognize the good ones? Wednesday, November 2, 11
  • 5. How to recognize them.. Successful people Rare / hard to find You will have to attract them (they usually say no) They are awfully busy They have connections and usually $ They helped a lot of successful Startups Wednesday, November 2, 11
  • 7. How to recognize the toxic ones.. They claim to be a mentor (it’s not a job!) They will come to you (usually you beg for a good one) They cost $ (usually mentors will invest...) They never successfully launched anything They will spend a lot of time with you (they have time!) They are everywhere! Wednesday, November 2, 11
  • 8. Side Effects of Toxic Mentors - Weird strategic move - If you survive he will claim success - Killing your Startup -Losing credibility Wednesday, November 2, 11
  • 9. Where to find them in the Startup eco-system You are taking over the World! HIGH GROWTH You have a stable business model and a great product SCALE You have a solid team Garage STARTUP with some good ideas You are an ACTION Entrepreneur You want to be an DISCOVERY Entrepreneur INSPIRE/CELEBRATE You’ve got some passions & ideas ? Wednesday, November 2, 11
  • 11. Origin Someone who imparts wisdom to and shares knowledge with a less experienced colleague Wednesday, November 2, 11
  • 12. Is it only about Knowledge? Wednesday, November 2, 11
  • 13. ork etw ’s n or e nt M An unfair advantage provider Wednesday, November 2, 11
  • 14. Example of unfair advantage: Before After Mary Maxwell Gates was an American businessperson. Gates served 18 years (1975–1993) on the University of Washington board of regents. She was the first female president of King County’s United Way, the first woman to chair the national United Way’s executive committee where she served most notably with IBM's CEO, John Opel, and the first woman on the First Interstate Bank of Washington's board of directors. Wednesday, November 2, 11
  • 15. Type of Mentors The Connector Mentor The Guru Mentor Network > Knowledge Network < Knowledge Wednesday, November 2, 11
  • 16. How networks and Money Interact with startups Computing-Tabulating-Recording Company George W. Fairchild Sherman Fairchild Gordon Moore (1854 - 1924) (1896 - 1971) (1929 ... ) Wednesday, November 2, 11
  • 17. Be good at school kids! Having a great Academic network is your first ally! It allows you to build a great “unfair advantage” by yourself! Wednesday, November 2, 11
  • 18. It’s only been 6 Years since good accelerators allows you to have access to great mentors via your Talent (usually technical talent!) Like Colleges each accelerator / incubators are different. Avoid the ones who don’t provide good Mentors (cf the Mushroom section) Wednesday, November 2, 11
  • 19. Do you need mentors / great academics to succeed? Wednesday, November 2, 11
  • 20. Nope... There’s always exceptions! Wednesday, November 2, 11
  • 21. Though having models might help... Edwin H. Land Wednesday, November 2, 11
  • 22. Questions? franck@startupweekend.org Wednesday, November 2, 11