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Your board should protect you!

Berkonomics

All other board functions are secondary. Even venture capitalists who sit on boards where they have significant investments often forget this point. Actually, there are two legal duties of board members. Sometimes, there will be a conflict of interest between the people representing the various shareholder classes on a board.

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Celebrating Angie Singer Keating’s Appointment as Board President of Ben Franklin Technology Partners

Ben Franklin Technology Partners

Ben Franklin Technology Partners of Central and Northern PA (Ben Franklin CNP) is pleased to announce the appointment of Angie Singer Keating to its Board of Directors as President. Her thought leadership extends to her role as the former board president of i-SIGMA, the International Secure Information Governance and Management Association.

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InBIA Elects Board Members

INBIA

FOR IMMEDIATE RELEASE InBIA Welcomes New Directors June 22, 2023 ORLANDO, FL – Members of the International Business Innovation Association (InBIA) have elected five individuals to the board of directors to serve three-years terms. The new member of the InBIA board is: • Marc Alessi, Executive Director, Business…

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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. I’ll make it simple. How many is too many, for example?

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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. Boards don’t need three or four VCs on them.

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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. It is that important to me and USV. Just do it.

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Should board members be elected “for life?”

Berkonomics

No board member should be grandfathered, guaranteed a board seat forever. We have investigated the restrictions imposed by investment documents and the obvious need to keep continuity on the board with the retention of the CEO position at the very least. How about non-profit boards? And that’s not good.

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