Flexpay
company on 1 show · 9 statements across 1 episodes · said 8 times in 1 episodes since 2022
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A Product Market Fit Show 8
2022 8 mentions in 1 episode
every mention on every show, scene by scene, with the transcript →
9 statements about Flexpay, every show
Hicks: Most Flexpay advisors received around 0.2% equity
“Most of my people ended up coming in around 0.2%. And then of course that gets diluted down when you bring in future investment rounds and stuff like that.”
Hicks: Building advisory board pre-revenue was smartest Flexpay decision
“Smartest thing I ever did in Flex Bay was building an advisory board before I even had a dollar of revenue.”
Hicks: Flexpay added an advisor purely for network and brand credibility
“One of the people that I added onto my board was kind of purely for that reason. Really the only value I knew this person was going to bring was their connections. How many people they know and how many people know them. And just to be able to go around and sa…”
Hicks: Engage startup advisors on demand rather than on recurring cadences
“And every single one of my advisors, this is key, said, I can do this, but I cannot commit to like monthly meetings or quarterly meetings or anything like that. Like call me anytime, email me anytime, ad hoc, you're stuck. Great. I know a lot of people, and Da…”
Hicks: Flexpay advisor secured a 14-executive meeting at Visa Canada HQ
“Like I called up one of my advisors, next thing you know, I'm sitting in Toronto at Visa Canada headquarters with 14 executives talking about What it is that Flexbay is doing and how we can better integrate into Visa's ecosystem.”
Hicks: Advisory boards should provide strategy and connections, not operational execution
“And then how you interact with these people is really around three things. It's conversations, strategy, and connections. So conversations, not action. Strategy, not execution. And connections is really the biggest part, right? What do you need to do and who d…”
Hicks: Flexpay reserved its eighth advisory board slot for M&A
“And in full transparency, I only filled seven of the boxes at the beginning, because I was like, I need to keep one free. For the stuff that I don't know yet. Like, I don't know what I don't know as I'm going to discover things as I scale this business. Right.…”
Hicks: Flexpay built its initial product for internal company use
“We built the initial version of Flexpay for ourselves, so we had a lot of, like, boxes already checked off as far as, you know product market fit and, you know basic, you know, functional tech stack that really gave everything we need to do, reporting and stuf…”
Hicks used Dan Martell's own framework to recruit Martell as an advisor
“Actually, one of my advisors and mentors and friends, Dan Martell, walked me through a framework of how to build a world-class advisory board, which I then used that framework to get him on my advisory board, which is a fun little hack.”