By Olivier Dellacherie, Executive Chairman, Talent4Boards Inc.
Imagine that you could have the workforce you need for free, to help you develop your idea or your new concept, and to go from early-stage to starting up.
- A Web developer for your new network tool and your corporate website.
- A Public Relations professional to prepare your press releases, disclose articles on your behalf in the technical press, and to assume an active presence on social and business networks.
- A marketing specialist to design your launching campaign and develop your graphics chart.
- A reliable CFA to prepare, review, and check your business plan hypothesis for your investors.
- Investor relations professional to prepare all the documents you need to present to investors, VCs, and business angels communities, and to manage appointments and contacts.
- Last but not least, a sounding board of directors, with cumulative relevant and significant experience in many domains – technical, market, industry, governance, and strategy – and able to support and challenge the best approach to tap your market, test your business model and open up amazing networks.
For sure, the summit of success will be more easily climbed, and more accessible, by a less steep path, saving you a lot of your (already lean) time and financial resources.
But it’s only a dream! Not really! It exists now – a community of experienced and seasoned professionals with entrepreneurial minds, who would do this, not entirely for free, but for a small part of your equity. Enterprising, they understand that you are short of cash and accept a kind of “deferred compensation” but with no hedging – your success is theirs too…
This kind of professional crowdsourcing, called “sweat equity,” has already been popular in the 90s in Silicon Valley, and has demonstrated its efficiency in covering shortages of resources: the best idea is not one stored in your mind or your computer, but one which can demonstrate its potential with consistent success. Have a large part of a valueless business, or only a small part of a profitable business is now an alternative.
Talent for Equity™ is a platform dedicated to the CEO/BOD of Growth companies and the founders of promising innovative Start-ups, trying to attract new talents and high-profile Executives, Advisers, or Board members, to build or strengthen their dream team.
Talent for Equity™ enables the founder or entrepreneur’s team to access and afford the same talent pool as established companies, with proven competences and experience, and motivation to share risk.
What sets Talent for Equity™ apart is that it does so with minimum cash-out, capitalizing on available tools like “sweat equity,” as these companies are mostly still flexible in their capital structure and able to pay for performance and value creation on an equity basis.
Talent for Equity™ is now part of Talent4Boards Inc.
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