TAG: Board
Need Input From Founders Who are on the Board and are Not the CEO
TheFunded.com Discussion
Posted by Anonymous on 2009-05-31
Tags: Operations Board Meetings
Need Some Basics on Running a Board Meeting
TheFunded.com Advice
Posted by Anonymous on 2009-05-29
Tags: Operations Meetings Board
Duties of a Chairman and Related Compensation
TheFunded.com Discussion
Posted by Anonymous on 2009-05-29
Tags: Operations Board
Help! How to Think about Whether to Accept a Advisor?
TheFunded.com Discussion
Posted by Anonymous on 2009-04-10
Tags: Operations Advisor Board
VC on Board to Receive Personal Common Shares Fully Vested
TheFunded.com Discussion
Posted by Anonymous on 2009-03-13
Tags: Operations Board Compensation
Looking for CEO or Consultant
TheFunded.com Discussion
Posted by Anonymous on 2009-03-13
Tags: Preparation Board CEO Early Stage
Question on Power to Issue Shares (President or the Board)
TheFunded.com Discussion
Posted by Anonymous on 2009-02-26
Tags: Operations Board Options
Medical Board Stock Option Plan
TheFunded.com Discussion
Posted by Anonymous on 2009-02-17
Tags: Operations Board Options
Chairman Comp
TheFunded.com Discussion
Posted by Anonymous on 2009-01-23
Tags: Operations Compensation Board
How to Write a Compensation Agreement for an Advisor to Your Board.
TheFunded.com Discussion
Posted by Anonymous on 2009-01-19
Tags: Operations Advisor Board
Chairman Asking for Weekly Sr. Management Meetings...
TheFunded.com Discussion
Posted by Anonymous on 2009-01-17
Tags: Operations Board Meetings
CFO on the Board
TheFunded.com Discussion
Posted by Anonymous on 2008-12-27
Tags: Operations Board Governance CFO
Board Composition
TheFunded.com Discussion
Posted by Anonymous on 2008-12-19
Tags: Operations Governance Board
Board Composition
TheFunded.com Discussion
Posted by Anonymous on 2008-12-09
Tags: Operations Board Governance
Founders Board Seats
TheFunded.com Discussion
Posted by Anonymous on 2008-12-04
Tags: Negotiation Board Governance
How to Find Bod Power Hitters
TheFunded.com Discussion
Posted by Anonymous on 2008-10-24
Tags: Preparation Board
Board Resignations: What is the Future Impact?
TheFunded.com Discussion
Posted by Anonymous on 2008-11-20
Tags: Operations Board
Having Both a Board and a Board of Advisors
TheFunded.com Discussion
Posted by Anonymous on 2008-10-14
Tags: Operations Governance Board
Forming an Advisory Board: Compensation
TheFunded.com Discussion
Posted by Anonymous on 2008-10-13
Tags: Operations Board Advisor Compensation
The Post Funding Experience
TheFunded.com Advice
Posted by Alroy on 2008-04-20
Tags: Operations Board
There are a lot of postings here about getting the initial term sheet and getting the VC on board. However, just like marriages, many of these courting periods can be quite different from the month to month evolving operations and business that we face a year or two down the road. Remember that often these VCs will sit on your board, and direct your business in different ways and depending on your dilution can dictate how operational decisions should be made. Thus, it is important to get an early feel from your VC dialogue, especially how they would respond if the actual business is less than the wonderful picture we sometimes paint in our pitches.
Even with the best of intentions, it is possible and even probable that the world does not quite turn out the way that we have carefully planned. Having VCs with real operational experience could actually prove to be useful in this setting. However, having attorneys or other less experienced associates on the board can be disastrous as they can and will send the management team on useless exercises to appease their ignorance and waste valuable time and resources that could be focused on the real business issues.
It is also important to set realistic expectations on how a business will evolve as this can determine the tone of the ongoing dialogue. I was involved with a CEO who promised rosy but unlikely-to-happen scenarios and thus the board was often in an antagonistic and negative stance with the whole management team.
While we all need to be as careful and realistic as possible with the expectations that we set, we also need to be careful about the kind of people we let on our boards as this can become a regular drag and distraction that we do not need when we are building a business.
PRIVATE: Members OnlyBoard Member Compensation
TheFunded.com Discussion
Posted by Anonymous on 2008-02-15
Tags: Operations Compensation Equity Board
Stack Your Board with People Your Investor Can't Argue With
TheFunded.com Advice
Posted by RichieBlueEyes on 2008-03-05
Tags: Operations Board
You should always be in control of your own board. There is a simple way to do this, stack your board with people that are beyond reproach that are in your corner. Yes, you need to be well connected to pull this off but if do, you could end up with at least an even say on the board. Most entrepreneurs get board members from referrals, I say, get your friends! Don't get 100 board members, just a few that no one can tell you to get rid of...After-all you just gave them free stock...so they'll probably back you at least for the first year. However, don't get rubber stamp people that won't do anything. Make sure to get people that actually will be active.
PRIVATE: Members Only (149 Characters)Anatomy of the 5 Page Board Packet
TheFunded.com Advice
Posted by Anonymous on 2007-04-05
Tags: Operations Board Meetings
So, I have wavered between "War and Peace" and the one page agenda for Board meetings. I stand somewhere in the middle. In my humble opinion, less is more, and here is what I recommend: (1) Agenda Page, (2) Minutes, (3) Dashboard, (4) Budget vs Actual, and (5) Business Discussion Points. Throw a cap table and financial back-up in a couple appendices (and make sure to update your cumulative dividends). Members, read on...
PRIVATE: Members Only (569 Characters)Reverse Diligence: Research Your New Boardmember(S)
TheFunded.com Advice
Posted by Anonymous on 2007-04-02
Tags: Preparation Due Diligence Board
Prior to accepting capitla from any fund that will require board representation, one should be sure to spend some time doing background checks on the new boardmember(s). Find out what industry they came from (finance, technology, consulting etc.), check out the quality of their other portfolio investments, and be sure to interview CEO's of those portfolio companies to find out how the investor has contributed (or not) to the BOD. Chances are that you will be stuck with your boardmembers for some time, and it's good to know who you are getting into bed with prior to making any decisions.
PRIVATE: Members Only