Mark Suster is Partner, Upfront Ventures and ‘2x entrepreneur (who) sold both companies (last one to Salesforce.com)’. He has written a lucid series on startups and boards. It is a contentious, ambiguous and a topic without clarity. For founders that is. When do you form a board? Who do you offer (or deny) a seat? Who drops off when? Who controls the board at round D? How can I protect my self from getting fired by my board? Is that a real threat
Mark is writing a series on each point that needs deliberation including – Who’s should be on your board? How to be a Good Board Member? The Role of Independent Directors on Boards, How to Avoid Meeting Discussions from Going Down a Rat Hole and more.
Mark recommends keeping a Founder dominated board at the seed stage, although if you have an amazing seed investor who is also writing a cheque for $1.25mn in a $1.5mn seed round – you may want to ensure he is onboard.
A great board can be ‘transformative with important advice and access and can also help attract other great board members ( and team members)’ writes Mark.
What has been your experience with boards and independent directors?
Startup Boards (Series) https://bit.ly/2U4JKPj
Who Should be on Your Startup Board? https://bit.ly/2Cd62XY