Wednesday, November 4, 2015
Summary Entrepreneurship is a team sport. What are
the critical human resource issues for new ventures? The NanoGene case
examines the big three: assembling a team, developing a compensation
policy, and creating an innovative
Quote of the Day:
"Never, never, never, never give up." ~ Winston
Guest: Josh Reeves CEO & Co-Founder of Gusto
Question (Policy on Study
- In start-ups, what
are the key actions that a founder or CEO must take regarding human
- Evaluate the founding team and
the resources they bring to the venture. Independent of the equity
ownership issue, what are some risks associated with this founding team?
How might these risks be reduced if Paige Miller joined the
team? Should Paige be hired now as a full-time employee or not?
- Although Susan Stone (the venture
capitalist) likes NanoGene's technology and business prospects, she
seems very concerned by the equity split among the founders. It's exactly the
same for all. What consequences for NanoGene might she fear from the even equity split? Please take a moment to carefully review the capitalization table in Exhibit 2 and the backgrounds and expected contributions of all 5 members of the founding team at NanoGene.
on Required Readings.) Online Assignment
on Case Analyses.)
- Group A only
We [would/would not -- choose one
Paige Miller because
Extra Credit: If you are proposing Paige Miller be hired now, please propose a job title and compensation package (salary and stock amounts).Team Dynamics Exercise:
Please designate one member of your
team to send an email to the teaching team by the end of the day of this session
confirming completion of the team exercise introduced in Session 12.