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TAG: 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)Don't Let a Venture Capitalist De Flower Your Startup Without Making a Commitment
TheFunded.com Advice
Posted by ammosov on 2010-06-06
Tags: Negotiation Terms Board
Basically, never let a VC to skip taking a board seat because this means they might be an evidence they want an option to dump the startup or do a Round A on miserable terms.
PRIVATE: Members OnlyChairman Comp
TheFunded.com Discussion
Posted by Anonymous on 2009-01-23
Tags: Operations Compensation Board
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)