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Friday Update

Man, I understand now why Bnoopy updates so infrequently, and why every time any other entrepreneur posts, it's usually with the caveat "sorry it's been so quiet around here lately...."

But underneath this mild exterior there's a lot going on. I have been talking to both engineering and sales/marketing folks who have expressed interest in joining FMP, and I'm really pleased by their caliber and fundamental understanding of what FM is trying to do. Before making any hiring decisions, though, I want to make sure I've really put the word out, so I've decided to go ahead and post the jobs on a couple of sites. If any of you have any suggestions, please let me know, but I thought I'd give Linked In's job board a go. Anyone had any luck with that? I have found over the past ten years or so that the best candidates come through my personal network. But I can't really find a way to broadcast my job to my Linked In crew. I'd love to send an email to the group letting them know about the roles, but it seems to be impossible. I guess that's Linked In's way of eliminating Orkut like broadcast spam. Net effect: the job board will get my $95.

That means I need to write a more formal job description for the three spots I have open (a third just opened, it's for Office Manager/Person Friday).

Those will be the next few posts.

Meanwhile, my ongoing financing discussions continue. I have moved away from strategic investors as the lead for the seed round, and am focusing on angels now. It makes more sense to do that, I was pretty much trying to shoot the moon by having strategic investors come in at angel terms. While there was interest, at the end of the day, it's best to get a good network of individuals behind you first, then talk to the bigger players (they then come in when the money is cheaper, risk is lower, and the control less concentrated). In any case, I learned a lot from the process, and the folks I spoke to remain committed to the FM idea.

As are the marketers and bloggers I have spoken to. I'm going to be putting together a technical advisory board, as well as a blogger advisory board and a marketing advisory board. Stay tuned for more on all that....and happy Friday.

Update: Good advice from someone who knows: This post does not constitute a private offering of stock in FMP, etc. etc.

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