Film-style poster for the Advice from Many Mentors presentation

A guide for founders A guide for founders

How to turn many mentors’ advice into one decision.

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What this guide covers

What this guide covers

What this guide covers

When to meet them

Meet your mentors close together

Accelerator research links close meetings with better results, and spread ones with repeated pivots.

Spread out

Close together

Same advice from 3 mentorsOne open question

Weeks 1 to 12

Logging advice

Log who said what, and why

Note the mentor, the advice, its basis and any interest they have in it.

Charge annually, upfront Experience

Interview 10 lost customers first Data

Annual plans fixed our churn Experience

Raise prices next month Opinion

Most of our buyers pay yearly Data

Three of five point to annual billing

When they disagree

Disagreements hide different assumptions

Find the belief each mentor is assuming, then test that belief.

Raise the price. Assumes buyers judge on value.
Keep the price. Assumes buyers compare on cost.
So which is true? Ask five buyers how they compared.

Numbers

Average separate number estimates

For a forecast or a cost, the average of independent guesses usually beats any one.

Mentor A 400 sign-ups
Mentor B 600 sign-ups
Mentor C 500 sign-ups
Your estimate 500, the average

Deciding

Decide, write why, tell them

Choose, write the reason down, and tell each mentor what you did.

Decide one option
Write why and when you will revisit
Tell each mentor then the result later

Doing it on Mentornity

Keep the threads on Mentornity

Hidden notes, the meeting page and messages keep many mentors in order.

An advice log in hidden notes

Only you and the program admins can read a hidden note.

Each meeting keeps its page

Topic, files, forms and notes stay with the meeting.

Tell mentors the result

A message reaches them in the app and by email.

An advice log in hidden notes

Only you and the program admins can read a hidden note.

Meeting notesOrbital Labs · 3 founders

Visible noteEmailed to the participants at once Emailed

Agreed: test annual billing with the next 20 sign-ups.

pricing-test.pdfUp to 10 files

Hidden noteOnly you and the program admins

Each meeting keeps its page

Topic, files, forms and notes stay with the meeting.

Tell mentors the result

A message reaches them in the app and by email.

1An advice log in hidden notes

Meeting notesOrbital Labs · 3 founders

Visible noteEmailed to the participants at once Emailed

Agreed: test annual billing with the next 20 sign-ups.

pricing-test.pdfUp to 10 files

Hidden noteOnly you and the program admins

2Each meeting keeps its page

3Tell mentors the result

After your next three sessions

Lay the advice side by side and look for what repeats.

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