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8 Tips To Get the Most Out of Your Investors and Board

Both Sides of the Table

He wrote a post this long weekend on how he manages the board of DataSift. In his post he asserts, “You get the VCs you deserve” and the corollary “You get the performance out of your board that you deserve.” By spending more time educating your board on your business you get more valuable advice from them.

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13 Entrepreneurs Reveal Their Best Business Advice

Entrepreneurs' Organization

The best business advice I was given was in my year 10 woodwork class by my teacher—who was teaching woodwork to boys who were both frivolous and quick to make decisions on cutting into beautiful pieces of timber. The best advice I have ever received came from one of my mentors from the US. Demi Markogiannaki—founder at WeTeachMe.

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Talk to Your Heroes: How I Built a Virtual Board That Enhances My Decision-Making

Paul G. Silva

Using ChatGPT, you can create a virtual board of advisors that brings the wisdom and perspectives of your chosen mentors to your fingertips. Why Create a Virtual Advisory Board? Before I walk you through how to set up your own virtual board, let me share how mine is helping my decision-making process.

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The Agile Board

Both Sides of the Table

I recently wrote an article on how to respond to board members between meetings. A long time ago was a developer and we did everything as per the waterfall method. Over time at my first startup our developers encouraged us to move to Agile development. It seems to me this is the main problem with boards.

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“I think viewing your board as an audience to be ‘sold’ to instead of a partner in your journey will orient your board to be less trusting and collaborative.” Five Questions with Nilam Ganenthiran, Former President of Instacart

Hunter Walk

For startups, a good Board is better than no Board, but a bad Board is worse than anything. One component of a good Board is a high value add Independent Board Member, which in my experience, often doesn’t get added early enough (for a variety of reasons). I knew I wanted to help build it from the ground up.

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The Pre-Board Board: How to Create Accountability Before You Give Away a Board Seat

This is going to be BIG.

Typically, investors don’t take a board seat until you raise your first equity round—which means that it could be *years* before you have a real board meeting: A year of nights/weekends work researching, prototyping, and fundraising. Many people extend this round and don’t get there for two years. I’ll make it simple.

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Should You Really Sit on Other Boards When You’re a Startup Founder?

Both Sides of the Table

I recently read Brad Feld’s thought provoking piece encouraging founders to sit on the board of another startup company. You’ll be on the other side of the financing discussions (a board member, rather than the CEO). . But I also agree with his warning, “I usually recommend only one outside board.

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