Question goes here
Accountability Groups for Boostrappers?
I've been lurking here for months and am thoroughly impressed with the
quality of work and insight coming from this group. I run
TheAbundantArtist.com, which is doing rather well for a bootstrapped
company, and I've reached the point where I realize that I need to find
different business peers to spend some time with if I'm going to raise my
game. I have some pretty exciting new products coming down the line, and I
want to make sure I deliver them well.
Do any of you have a similar problem? Have you founded mastermind groups or
accountability groups? How did you go about it?
I've done something similar for short stints (Founders Institute, meetup
group, small biz CEO forum) and the biggest takeaways for me were:
- Conversation had to be completely transparent. Written better than
oral (I really liked PBWorks/ wiki in making this transparent and linkable)
- Requirements around assignments (not necessarily achieving
deliverables, but at least doing the homework/ creating plan) needed to be
enforced otherwise group performs to LCD (lowest common denominator).
Seeing others deliver work quickly was a good spur to get it done yourself
-- pbworks was great for this as you could see who was updating and how
- Helpful if group has people from different functional background
(e.g., strategy, technology, marketing, operations, etc) with a mix of
quants and bigger picture people (but NOT BS quals -- those people just
waste air space with generic/ vague statements not rooted in any insight)
- Group members need to move at similar speeds -- very frustrating to
tie aggressive people with lifestyle people
Mismatch of group members caused most of the groups to fail -- my
recommendation would be to spend more time/ effort on putting together a
sustainable group with a nice mix of members and clear ground
rules...rushing through this part is often what makes these groups fail.
I've had one successful group in the past that disbanded after 9 months. In
the two years since, it's been a slog to put one together.
I've considered that perhaps being in a small city like Portland may put me
at a disadvantage for finding like minded people, so I've considered
assembling an online only version, using Google Hangouts or something like
Anyone have experience with this? Anyone interested in exploring something
On Fri, Dec 21, 2012 at 10:12 AM, Cynthia Schames
I have tried a few different CEO groups and the very best was/is Vistage.
They typically require a pretty sizable revenue run rate but if you find
the right group and group leader you can get in.
The group I was part of hit all the great points Vijay mentioned and it's
already organized. That said interview with the groups first. I was part
of an amazing group but they are not all perfect. In fact we had a few of
our group members that quit their group to join ours.... It's just like
They are a pretty big organization so just go the website and give them a
shout to find a group leader in your area.
I have a similar issue that I've been currently sitting on. If you (or others) were thinking of putting a group together I'd be interested. Feel free to contact me off list.
Alexander Laszlo Ross
Presentations completely reimagined.
m: +[removed to protect privacy]
On Dec 21, 2012, at 7:15 AM, coryhuff <coryh...@gmail.com> wrote:
+1 on Vistage... my last group ranged from $2m to > $500m companies. As Chris said, it is a function of the group/leader and the nice thing is you have a broad range of industries, not just 15 people building software. A lot of help with organizational issues associated with growing a company... less so with pre-funded tech company. The biggest downside is $1500/month.
On Dec 21, 2012, at 2:06 PM, Chris Raniere <ch...@raniere.com> wrote:
A quick plug for FoundersNetwork -- about 250 founders from early stage
(angel to series A) tech companies. I think it skews towards the Bay Area,
but there is definitely some geographic diversity. I just joined last
month, and have gotten a lot of leverage from connecting with other
founders online and at gatherings. Cost starts at $250/year depending on
your fundraising stage. Might be a good choice for earlier stage folks
before looking at Vistage, EO, or YPO.
For accountability check out nReduce. It's a virtual accelerator -- takes no equity -- that provides advisory and mentorship based on your record to follow through on commitments to grow your business. I cannot personally vouch for them, but I have read many good things.
For support and energy, check out a local Lean Coffee group -- there's probably one in your area. It's sort of like AA for entrepreneurs -- everyone's helping each other grow their businesses.
Date: Fri, 21 Dec 2012 07:15:30 -0800
You guys are awesome. Thanks for all of the resources. I'm definitely not
going in the get big funding route, but some of these look promising.
On Fri, Dec 21, 2012 at 11:44 AM, Eric Rogness <ericrogn...@hotmail.com>wrote:
Just a few more details please.DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly email@example.com).
See the Community Code of Conduct for more details.
Give your question or discussion topic a great title, make it catchy and succinct.
Make sure what you're about to say is specific and relevant - you'll get better responses.
Tag your discussion so you get more relevant responses.
Question goes here
Be part of an exclusive network of entrepreneurs and advisors