Answered produced feed
D 5 · C 5 · P 5 · Cm 4 4.85
Q What was the challenge in making that happen? I mean, tell me what, why that proved to be so complicated to figure out.
A So when I was working with Tara, my very first consultant, she connected me with a food technologist who would help me formulate commercially, you know, my kitchen formula into something that could be commercially scaled and produced. So I started looking in the grocery store and turning around different cartons, and I saw Pacific Foods was, oh, great. They're local. They're just here in Oregon. And they are making aseptic, shelf-stable products that are nut-based, so they should be able to handle my allergens. And I called them up, and I said all the wrong things. Hi, my name is Madeline. I'm the CEO of a new startup. As soon as they hear startup, they don't want to work with you. And I'd love to talk to you about my product. And I would never get a response.
AI assessment note: “As soon as they hear startup, they don't want to work with you.”
Answered produced feed
D 5 · C 5 · P 5 · Cm 4 4.85
Q You mentioned an advisory board. I want to go back and ask you about that because who were these people? How did you get them to, to agree to give you advice and did you pay them? Did you give them equity? Like, how did that work?
A So my advisory board were people that I came across at trade shows or any type of industry events. If it was someone and they were friendly and I could ask them a question and I said, I'd love to keep in touch. You know, I would immediately link with them on LinkedIn, and then I would ask them maybe just one question, because I didn't want to annoy them, and then when it came time to do an advisory board, I had heard from someone else about Y Combinator had this fast advisory board template, and it laid out in terms, and you can download it for free, that, you know, if you are a startup and you need more, Input from an advisor. And maybe that means instead of once a month call, maybe once a week call, then the more you ask of them, you give them a little bit more equity and it could be .65. It could be .75% in equity, still a vesting schedule. And that vesting schedule is very important because you don't want to have an advisor that is not being responsive to you or not giving you value and And then you've already given them equity and you can't take it back.
AI assessment note: “my advisory board were people that I came across at trade shows”
