Board Diversity

A VC: Musings of a VC in NYC

The board diversity problem is a symptom of a much broader problem around lack of diversity in founders that get funded and lack of diversity in VC firms. Most startup boards are made up of a few founders and a few VCs. No wonder you have no diversity on the board. 1/ When a startup board is created, there should be two independent seats on it. 2/ VCs should accept observer seats instead of board seats when they invest in companies. But boards are important.

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InBIA Board of Directors Welcomes New Directors

INBIA

The post InBIA Board of Directors Welcomes New Directors appeared first on InBIA. Blog Featured InBIA News InBIA News Member News Board of Directors entrepreneurs Executive Committee InBIA innovation

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The Bolster Board Diversity Survey

A VC: Musings of a VC in NYC

Last June, I wrote about board diversity and suggested some things we are doing and that you can do to diversity your board. In the ten months that have passed since I wrote that I am pleased to say that we have seen a noticeable increase in board diversity in our portfolio.

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How to Be a Good Board Member

Both Sides of the Table

I have been writing a series on how startup boards get selected, who sits on them and what to avoid. I started this series in part to help entrepreneurs but also to help newer investors because I’ve know with so many new companies you have so many new board members and many people are trying to figure out there respective roles. msuster Many investors don't know how to be good Board members. As a board member it is your job to know this.

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What Makes a Great Independent Board Member?

Both Sides of the Table

When you set up a board it is often initially a combination of the founders and the early investors. This post sets out how I believe founders (and investors) should think about independent board members having worked with many of them for the past 20 years. Founders on the other hand recognize that over time they are likely not to have complete control of the board of directors of the company they founded. The board is where large equity investors get their representation.

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Bolster Your Management Team And Board

A VC: Musings of a VC in NYC

Bolster came out of stealth and into a beta period today and is opening up its marketplace to companies that want to access fractional talent and to executives who want to work at high growth companies in interim, fractional, advisory, or board roles. I have had the great pleasure of working with Matt Blumberg and the senior leadership team of USV’s former portfolio company Return Path (which was sold in 2019) for much of the last twenty years.

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Why Every Startup Should Have an Advisory Board

GAN

For most companies, that means having a board of directors. A board can be great in the right circumstances, but a board can also wield a ton of power over a CEO because they’re often investors who have capital in your company, which usually conveys them some tangible rights to it (like the ability to fire the CEO, to impact budgets, to change the overall direction of the company, etc.). This is where I believe an advisory board is critical for every startup.

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Who Should be on Your Startup Board?

Both Sides of the Table

One of the things that founders have the most angst about is whom they should have on their board and at what stage of the business. This is smart because amazing board members can be transformative with important advice and access and can also help attract other great board members (and team members). Bad board members can make business very unpleasant. Do you need a board when you first start you company? If you get a smart person on the board?—?just

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6 strategies for running more effective startup board meetings

TechCrunch

For many companies in the United States, a board of directors is a fact of doing business. The board’s goal is to ensure the best is done for the company and its shareholders. While many entrepreneurs see board meetings as a chore, they can be a powerful tool if used well.

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Seraf Toolbox: Exit Planning for CEOs and the Board of Directors

The Seraf Compass

As a director on an early stage company board, how do you deliver on your main responsibility as a board member - maximizing shareholder value? And, what do you do to make sure the CEO is doing her job in increasing the value of your investment in the company?

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The hidden benefits of adding a CTO to your board

TechCrunch

Boards are facing pressure to be strategic and thoughtful on how to evolve in the rapidly iterating world of technology, and a CTO is uniquely positioned to address specific challenges. There are now more reasons than ever to consider adding a CTO to your board. Abby Kearns.

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How to Win Consulting, Board, and Deal Roles with Private Equity and Venture Capital Funds

David Teten - VC

You can work as a consultant, an interim executive, a board member, a deal executive partnering to buy a company, an executive in residence, or as an entrepreneur in residence. . Board of Directors. Currently, many boards are also aggressively seeking to become more diverse, as 61.4%

Startup Boards

Both Sides of the Table

Startups that are backed by professional financial investors almost always have a Board of Directors that consists of some set of founders, investors and sometimes independent directors. While the management of a startup company deals with the day-to-day decision-making within the company (strategy, budgets, goals, tasks, compensation) ultimately the Board of Directors has the legal governing responsibilities for these things. Who Should be on Your Board?

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Fewer CEOs are serving on outside boards. That’s good (and bad)

TechCrunch

He is a member of the boards of directors at SumoLogic and Generac Power Systems. It used to be a heavily traveled two-way street in corporate America: CEOs joined other companies’ boards to broaden their experiences, expand their influence, or simply because it felt good. BJ Jenkins.

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Sounding Board raises cash as startups wake up to executive coaching

TechCrunch

Christine Tao and Lori Mazan , the brains behind Sounding Board , want to train any leader within an organization to be a better leader. But in the wake of the coronavirus pandemic, Sounding Board has seen demand for its platform grow even more.

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Challenging Gender Bias in Entrepreneurship: A YLAI Alumni Advisory Board Virtual Event

Young Leaders of the Americas Initiative

The YLAI Alumni Advisory Board is excited to invite you to an upcoming virtual event entitled “ Challenging Gender Bias in Entrepreneurship “, presented in honor of YLAI4All and International Women’s Day.

How to Manage a Board

Y Combinator

One of the most common questions we hear from founders is “How do I manage my board?” It’s something that provokes anxiety, because this is the first time the founder/CEO is subject to external supervision, and the board has powers that include the firing of the CEO and the senior management. Where possible, I’ve included specific examples – drawn from YC companies and partners – of how companies have handled board issues. But first, what’s the purpose of a board?

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How Boards Need to Evolve Over Time

Both Sides of the Table

I’ve written a few posts about boards recently as part of a series on the subject. I admit that I haven’t yet read it but I’ve had numerous discussions with Brad over the years about board structure & conduct and consider him a mentor on the topic. When you first start your company and raise initial venture capital your board probably consists of 1-3 founders and 1-2 VCs. So our board meetings consisted of discussion about.

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3 Tips for Getting Investors on Board With Your CSR Mission

Entrepreneurs' Organization

The post 3 Tips for Getting Investors on Board With Your CSR Mission appeared first on Octane Blog – The official blog of the Entrepreneurs' Organization. Contributed by Kevin Xu , CEO of MEBO International and co-founder of the Human Heritage Project.

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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. It seems to me this is the main problem with boards. So when I read my post it sounded to me more like a new philosophy for “The Agile Board,&# so I put that as my subtitle. This post is really about getting information to the board faster. What’s missing is changing the board-level plan based on the new info that board members are getting more quickly.

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The Board Before the Board

This is going to be BIG.

Forming a board. Board members can provide useful feedback, help to focus the founding team, and provide a network of contacts. . That''s how board participation can help an advisor scale. So why wait until you have a company to setup a board? Setting up a simple board before you''ve even got a company can help you get into the practice of collecting feedback and getting nudged back into focus.

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Do you really need a board of directors?

Berkonomics

No matter what your size, if you intend to grow your business into more than just a lifestyle workplace, you should create a board of directors. If you take money from knowledgeable investors, you will be required to create a board as a part of the investment process.

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Best practices for Zoom board meetings at early-stage startups

TechCrunch

Board meetings are quickly increasing in their significance to foster consistent and vital interactions as an organization. As we move into 2021 and Q1 meetings are being put onto calendars, take some time to modernize how you conduct your board meetings. Isaac Roth. Contributor.

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Nonobvious acquisitions are on my 2021 bingo board

TechCrunch

At the end of 2020, I argued that edtech needs to think bigger in order to stay relevant after the pandemic. I urged founders to think less about how to bundle and unbundle lecture experience, and more about how to replace outdated systems and methods with new, tech-powered solutions.

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Boardable’s board management software for nonprofits raises $8 million

TechCrunch

Indianapolis-based Boardable , a provider of board management software tools for nonprofits, has raised $8 million in a new round of financing, the company said. Most nonprofits manage their board members with ‘digital duct tape’—endless email threads and file sharing services.

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Startup Board Meetings: How to STOP Wasting Your Board Members' Time

Dream It

Board meetings can be very powerful events where founders get valuable feedback, ideas, and strategic direction. Oftentimes, founders dread board meetings and look at them as low ROI events. Their primary role is to confirm the board meeting agenda.

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11 Quick Tips to Get More Value out of Your Board

Both Sides of the Table

Many board meetings are bored meetings. This is a shame since the value that the right board could add is immense if you select the right board members and manage them effectively. Yesterday I wrote a blog post about what the role of a board actually is. In short the board is there to represent the interest of all shareholders (big & small) of the company and all other stakeholders (debt, creditors, employees, etc.). Never be surprised at a board meeting.

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Spade Work: How Early Stage Board Directors Add Value

The Seraf Compass

Over the past few years, there has been much talk about the importance of investing both financial and human capital into the rapidly expanding entrepreneurial ecosystem. From our perspective, human capital is as important as financial capital in driving the long term success of startup companies. So how do we go about the job of applying human capital to foster this success

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Should You Allow “Board Observers” on Your Startup Board?

Both Sides of the Table

Should You Allow Board Observers on Your Startup Board? Photo by Antenna on Unsplash A board observer is somebody who attends your board meeting but doesn’t have a voting right. There are also certain points in a board meeting where you can ask the board observers to step out of the room unless they’ve negotiated specific rights that preclude this. Why do board observers exist? Note: This is part of a series on Startup Boards.

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Should All of Management Attend Board Meetings?

Both Sides of the Table

Should All of Your Management Team Attend Board Meetings? The age old question for every startup is whom to involve in the board meeting. The reality is that there are some board meetings in which having a broad set of management present is a great idea and there are some meetings where in can be a hindrance. If you’ve taken the time to assemble important people on to your board then you ought to use the scare time you have together to pick their brains.

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InBIA Welcomes New Directors

INBIA

Blog Ecosystem News Featured InBIA News Featured Member News InBIA News Member News Board of Directors entrepreneurs InBIA innovationThe post InBIA Welcomes New Directors appeared first on InBIA.

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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. In addition to helping manage the board Chris also helps represent the interests of the angel investors / common stock holders.

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Rethinking Board Observers – The Role of the “Silent Observer”

Both Sides of the Table

It has always surprised me that founders were so quick to fight over how many board members there were and so quick to agree to have as many board observers as people wanted. I have always been vehemently against board observers and wrote some of the reasons in this previous post. But over the past couple of years I’ve slightly modified my views, which I’d like to explain: The Case Against Board Observers.

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High Functioning vs. Low Functioning Startup Boards

Both Sides of the Table

I’ve sat on many boards over the past 2 decades and seen my share of high-functioning boards and low-functioning boards. Here are some observations I have from this exposure: If a company moves from strength-to-strength with predictable outcomes, easy financings, low staff turn-over, limited competitive threats then the composition of the board probably doesn’t matter as much. In the best cases boards come together to help the company get through its trough?—?in

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From dorm rooms to board rooms: How universities are promoting entrepreneurship

TechCrunch

Earlier this year, 15 top U.S. universities joined forces to launch a one-stop shop where corporations and startups can discover and license patents.

STEPHANIE COPELAND JOINS TECHSTARS’ BOARD OF DIRECTORS

TechStars

Copeland brings breadth of corporate, government, higher education and startup leadership experience to growing board. August 27, 2019 – Techstars , the worldwide network that helps entrepreneurs succeed, today announced the appointment of Stephanie Copeland to the Techstars Board of Directors. I’m excited to join Techstars’ Board of Directors to help Techstars prepare for its next stage of growth, while enabling and growing new entrepreneurial ecosystems globally.”.

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Should Your Startup Have an Advisory Board?

Both Sides of the Table

Many startup companies hire advisory boards. So do advisory boards really add value? In my experience most advisory boards under deliver relative to expectations. Advisory Board Problems : There are several problems that I have encountered myself and in my many discussions with CEO’s who have set up advisory boards. Ok, next advisory board meeting in 60-90 days. This is part of my ongoing series Startup Advice.

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